On the Sale of Package Tours to Infinitely Many Possible Types of Tourists
International Journal of Tourism Research, Vol. 17, pp. 1-3, 2015
Posted: 27 Jun 2015
There are 2 versions of this paper
On the Sale of Package Tours to Infinitely Many Possible Types of Tourists
Date Written: June 25, 2015
Abstract
Alao and Batabyal (2013) have recently used contract theory to study the sale of package tours to tourists when the tourists can be of two possible types. In this note, we first generalize their analysis by studying the case in which the tourists can be of infinitely many types. Next, we compare our results with those obtained by Alao and Batabyal. Finally, we conclude and then discuss extensions of this note’s research.
Keywords: Asymmetric Information, Contract, Infinite Types, Package Tour, Tourist
JEL Classification: L83, D81
Suggested Citation: Suggested Citation