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Demographic and Technological Growth in the Tourism Market

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  • João Ricardo Faria

    (Nottingham Business School, Nottingham Trent University, Burton Street, Nottingham NG1 4BU, UK)

Abstract

This paper examines, in a differential game framework, demographic and technological growth in the tourism market. The number of tourists is assumed to follow a logistic growth, being influenced by demographic and technological factors, as well as the size of the market and investment in the tourism industry. The market for tourism is an oligopoly with differentiated products. In the steady-state equilibrium, the optimal population level of tourists is directly proportional to optimal investments in infrastructure, and they increase with demographic and technological factors and the size of the market and decrease with the number and diminished differentiation of destinations, production costs for tourism service and investment and the impatience of the tourism authority.

Suggested Citation

  • João Ricardo Faria, 2008. "Demographic and Technological Growth in the Tourism Market," Tourism Economics, , vol. 14(1), pages 115-121, March.
    • Handle: RePEc:sae:toueco:v:14:y:2008:i:1:p:115-121
    DOI: 10.5367/000000008783554776
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    References listed on IDEAS

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    1. Carlos Pestana Barros, 2006. "Analysing the Rate of Technical Change in the Portuguese Hotel Industry," Tourism Economics, , vol. 12(3), pages 325-346, September.
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    4. Dockner,Engelbert J. & Jorgensen,Steffen & Long,Ngo Van & Sorger,Gerhard, 2000. "Differential Games in Economics and Management Science," Cambridge Books, Cambridge University Press, number 9780521637329, January.
    5. Jaume Garau Taberner & Carles Manera, 2006. "The Recent Evolution and Impact of Tourism in the Mediterranean: The Case of Island Regions, 1990-2002," Working Papers 2006.108, Fondazione Eni Enrico Mattei.
    6. Font, Antoni Riera, 2000. "Mass Tourism and the Demand for Protected Natural Areas: A Travel Cost Approach," Journal of Environmental Economics and Management, Elsevier, vol. 39(1), pages 97-116, January.
    7. Eugeni Aguiló & Joaquín Alegre & Maria Sard, 2003. "Examining the Market Structure of the German and UK Tour Operating Industries through an Analysis of Package Holiday Prices," Tourism Economics, , vol. 9(3), pages 255-278, September.
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    Cited by:

    1. Stefan F Schubert & Günter Schamel, 2021. "Sustainable tourism development: A dynamic model incorporating resident spillovers," Tourism Economics, , vol. 27(7), pages 1561-1587, November.
    2. Bruno Marques, 2024. "Tourism development: A capacity dynamic," Post-Print hal-04474031, HAL.

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