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Article
Publication date: 1 April 1975

Turgut Var, William W. Swart and Charles E. Gearing

Although this is a survey of research techniques, it has become increasingly apparent, as the study has progressed, that our investigation of research methods for use in…

Abstract

Although this is a survey of research techniques, it has become increasingly apparent, as the study has progressed, that our investigation of research methods for use in tourism and travel studies, without prior consideration of the nature and scopes of tourism and travel themselves, would he inadequate. At the outset it would be imperative to distinguish three interrelated terms. These are recreation, tourism, and travel.

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The Tourist Review, vol. 30 no. 4
Type: Research Article
ISSN: 0251-3102

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Contingent Valuation: A Critical Assessment
Type: Book
ISBN: 978-1-84950-860-5

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Article
Publication date: 1 April 1976

Jack L. Knetsch and Turgut Var

The impact of tourism on local economies has long been a concern of individual communities and of governmental agencies interested in promoting this source of local…

Abstract

The impact of tourism on local economies has long been a concern of individual communities and of governmental agencies interested in promoting this source of local income. The magnitudes are often large and, with fluctuations, continue to increase. The development of recreational opportunities and tourist facilities is often viewed as a means of redressing disparities in regional incomes and employment, and as a major factor in national balance of payments. Indeed, some nations seem to practice a new mercantile policy of maximizing receipts from foreign tourists and minimizing the expenditures of its own nationals abroad (Barucci, 1976).

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The Tourist Review, vol. 31 no. 4
Type: Research Article
ISSN: 0251-3102

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Book part
Publication date: 16 October 2007

Jack L. Knetsch

As commonly pointed out in most instructional and operational manuals, and the benefit–cost and valuation texts on which they are largely based, there is general agreement…

Abstract

As commonly pointed out in most instructional and operational manuals, and the benefit–cost and valuation texts on which they are largely based, there is general agreement among economic analysts that the economic values of gains and losses are correctly assessed by two different measures. The value of a gain is appropriately measured by the maximum sum people are willing to pay for it (the so-called WTP measure) – the amount that would leave them indifferent between paying to obtain the improvement and refusing the exchange. The value of a loss is accurately measured by the minimum compensation people demand to accept it (the so-called willingness-to-accept, or WTA, measure) – the sum that would leave them indifferent between being paid to bear the impairment and remaining whole without it.

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Research in Law and Economics
Type: Book
ISBN: 978-1-84950-455-3

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Abstract

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Contingent Valuation: A Critical Assessment
Type: Book
ISBN: 978-1-84950-860-5

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Article
Publication date: 1 January 1997

Bernhard F.J. Borges and Jack L. Knetsch

Reports the results of two experimental tests of the extent to which the large disparity between people’s valuation of gains and losses, and related fairness…

Abstract

Reports the results of two experimental tests of the extent to which the large disparity between people’s valuation of gains and losses, and related fairness determinations, are used in judging the acceptability of alternative negotiating or conflict resolution proposals. Participants acted as arbitrators and selected their preferred resolution of conflicts, involving either the division of gains or sharing responsibility for losses. Different cases were presented in which one or the other party incurred varied combinations of direct or opportunity costs, or received varied forms of payments. Contrary to conventional economic assumptions, but consistent with earlier behavioural findings, direct costs incurred by one party to the negotiation were far more important than opportunity costs in setting the terms of a more acceptable resolution. The results strongly suggest that recent behavioural findings might be used to improve the design of negotiating and conflict resolution proposals.

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International Journal of Social Economics, vol. 24 no. 1/2/3
Type: Research Article
ISSN: 0306-8293

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Article
Publication date: 1 February 1972

Brian H. Archer

The tourist industry is not a single entity but consists of a heterogeneous group of firms and establishments providing a wide range of services for tourists. Some of…

Abstract

The tourist industry is not a single entity but consists of a heterogeneous group of firms and establishments providing a wide range of services for tourists. Some of these businesses are entirely or mainly dependent upon tourist spending, whilst others cater primarily for the resident population and their income from holiday‐makers forms only a marginal addition to their revenue. Yet tourist spending becomes diffused through a region with multiplier effect and many other sectors of the economy receive secondary benefits from the initial round of tourist spending.

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The Tourist Review, vol. 27 no. 2
Type: Research Article
ISSN: 0251-3102

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Abstract

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Contingent Valuation: A Critical Assessment
Type: Book
ISBN: 978-1-84950-860-5

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Abstract

Details

Contingent Valuation: A Critical Assessment
Type: Book
ISBN: 978-1-84950-860-5

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Book part
Publication date: 16 October 2007

Abstract

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Research in Law and Economics
Type: Book
ISBN: 978-1-84950-455-3

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