Webbläsaren som du använder stöds inte av denna webbplats. Alla versioner av Internet Explorer stöds inte längre, av oss eller Microsoft (läs mer här: * https://www.microsoft.com/en-us/microsoft-365/windows/end-of-ie-support).

Var god och använd en modern webbläsare för att ta del av denna webbplats, som t.ex. nyaste versioner av Edge, Chrome, Firefox eller Safari osv.

Dynamic and Stochastic Structures in Tourism Demand Modeling

In English

Författare

Summary, in English

In this paper we consider a model for international tourism demand. The point of departure of the analysis is a utility function that is both dynamic and stochastic. In the model the stochastic component is interpreted as random changes in preferences for goods and services, while the dynamic component can be seen as either habit formation or as interdependent preferences. The resulting demand functions are estimated as a multivariate state space model, where the stochastic components enter the model as stochastic seasonal and trend components. An application is constructed for different segments of the Swedish tourism market. The results indicate the importance of including both dynamic and stochastic components in the utility function, and the importance of using disaggregate data to enable investigation of each market segment.

Publiceringsår

2005

Språk

Engelska

Sidor

379-392

Publikation/Tidskrift/Serie

Empirical Economics

Volym

30

Issue

2

Dokumenttyp

Artikel i tidskrift

Förlag

Physica Verlag

Ämne

  • Economics

Status

Published

ISBN/ISSN/Övrigt

  • ISSN: 0377-7332