Estimating Tourist Externalities on Residents: A Choice Modeling Approach to the Case of Rimini

32 Pages Posted: 13 Jul 2007

See all articles by Paolo Figini

Paolo Figini

University of Bologna - Department of Economics; University of Bologna - CAST - Centre for Advanced Studies in Tourism

Massimiliano Castellani

University of Bologna - Department of Economics

Laura Vici

University of Bologna - Department of Economics

Date Written: July 2007

Abstract

During their holidays, tourists produce direct and indirect effects on local residents, which can either be positive or negative. In this paper we investigate how residents of Rimini, a popular Italian seaside resort hosting more than ten million national and foreign overnight stays every year, internalise such effects. We use a stated preference approach and, in particular, a discrete choice modelling technique; within this framework, we are able to test some conjectures about residents' welfare, by measuring their willingness to pay for alternative scenarios regarding the use of the territory. Tourist policies and public investments in the destination affect residents' welfare, and our results might suggest areas of potential synergies and trade-off, leading to important policy implications.

Keywords: Tourism, External Effects, Discrete Choice Modelling

JEL Classification: Q56, L83, C25

Suggested Citation

Figini, Paolo and Castellani, Massimiliano and Vici, Laura, Estimating Tourist Externalities on Residents: A Choice Modeling Approach to the Case of Rimini (July 2007). FEEM Working Paper No. 76.2007, Available at SSRN: https://ssrn.com/abstract=999927 or http://dx.doi.org/10.2139/ssrn.999927

Paolo Figini (Contact Author)

University of Bologna - Department of Economics ( email )

Piazza Scaravilli 2
Bologna, 40126
Italy

HOME PAGE: http://www2.dse.unibo.it/dsa/profile.php?id=33

University of Bologna - CAST - Centre for Advanced Studies in Tourism ( email )

Via AngherĂ  22
Rimini, RN 47922
Italy

Massimiliano Castellani

University of Bologna - Department of Economics ( email )

Strada Maggiore 45
Bologna, 40125
Italy

Laura Vici

University of Bologna - Department of Economics ( email )

Strada Maggiore 45
Bologna, 40125
Italy
+390512092603 (Phone)

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
169
Abstract Views
1,440
rank
223,138
PlumX Metrics