nep-tur New Economics Papers
on Tourism Economics
Issue of 2012‒05‒29
five papers chosen by
Antonello Scorcu
University of Bologna

  1. Decomposing the Tourist’s Satisfaction Gap: The Role of Expectations and Cognitions By Díaz Serrano, Lluís
  2. Door-to-Door Travel Times in RP Departure Time Choice Models: An Approximation Method based on GPS By Stefanie Peer; Jasper Knockaert; Paul Koster; Yin-Yen Tseng; Erik Verhoef
  3. Do Local Amenities Affect the Appeal of Regions in Europe for Migrants? By Ketterer, Tobias; Rodríguez-Pose, Andrés
  4. Regional Policy Dialogue: Innovation in the Service Sector: Opportunities for the Caribbean By José Jorge Saavedra
  5. The Value of Terroir: Hedonic Estimation of Vineyard Sales Prices By Cross, Robin; Plantinga, Andrew J.; Stavins, Robert Norman

  1. By: Díaz Serrano, Lluís
    Abstract: In this paper we present an empirical methodology that allows the tourist’s satisfaction gap between two destinations to be decomposed into two components. One explains the role of differences in observed characteristics of the tourists and the stay (endowments). The other captures the share of the gap due to differences in the utility that tourists derive from those characteristics (cognitive). To illustrate the use of this method, we employ data coming from a sample of tourists visiting two touristic enclaves in Tarragona (Spain). Our results indicate that the cognitive component explains most of the satisfaction gap. Keywords: Satisfaction, expectations, cognition, touristic destination
    Keywords: Turistes, Consumidors -- Satisfacció, Destinacions turístiques, 338 - Situació econòmica. Política econòmica. Gestió, control i planificació de l'economia. Producció. Serveis. Turisme. Preus,
    Date: 2012
  2. By: Stefanie Peer (VU University Amsterdam); Jasper Knockaert (VU University Amsterdam); Paul Koster (VU University Amsterdam); Yin-Yen Tseng (VU University Amsterdam); Erik Verhoef (VU University Amsterdam)
    Abstract: A common way to determine values of travel time and schedule delay is by estimating departure time choice models using revealed preference (RP) data. The estimation of such models requires that (expected) travel times are known for both chosen as well as unchosen departure time alternatives. As the availability of such data is limited, most departure time choice studies only take into account travel times on trip segments rather than door-to-door travel times, or use very rough measures of door-to-door travel times. We show that ignoring the temporal and spatial variation of travel times, and in particular, the correlation of travel times across links may lead to biased estimates of the value of time. To approximate door-to-door travel times for which no complete measurement is possible, we develop a model that relates travel times on links with continuous speed measurements to travel times on links where relatively sparse GPS-based speed measurements are available. We use geographically weighted regression to estimate the location-specific relation between the speeds on these two types of links, which is then used for travel time prediction at different locations, days, and times of the day. This method is not only useful for the calculation of door-to-door travel times in departure time choice models but is generally relevant for predicting travel times in situations where continuous speed measurements should be enriched with GPS data.
    Keywords: Scheduling model; revealed preference data; door-to-door travel times; geographically weighted regression; GPS
    JEL: C14 C25 R48
    Date: 2011–12–22
  3. By: Ketterer, Tobias; Rodríguez-Pose, Andrés
    Abstract: This paper delves into the factors which determine the attractiveness of regions in Europe for migrants. Contrary to the literature on the US which has increasingly focused on the role of amenities, existing research in Europe tends to highlight the predominance of economic conditions as the main drivers of migration. Differentiating between economic, socio-demographic and amenity-related territorial features, we examine the appeal of various regional characteristics for migrants by analyzing net migration data for 133 European regions between 1990 and 2006. Our results show that, in addition to economic, human capital-related and demographic aspects, network effects and – in contrast to existing literature – different types of regional amenities exert an important influence on the relative attractiveness of sub-national territories across the European Union (EU). Our findings therefore indicate that locational choices in Europe may be much more similar to place-based preferences in the US than originally thought.
    Keywords: amenities; economic conditions; Europe; inter-regional migration; location choice; regions; social networks
    JEL: O15 R23
    Date: 2012–05
  4. By: José Jorge Saavedra
    Abstract: This presentation was performed for the Regional Policy Dialog meeting in Belize City, on December 5th, 2011. It provides facts and figures related to the state of the service sector in the Caribbean as well as the Compete Caribbean initiative. This initiative is a private sector development program that provides technical assistance grants and investment funding to support productive development policies, business climate reforms, clustering initiatives and Small and Medium Size Enterprise (SME) development activities in the Caribbean region. The program, jointly funded by the Inter-American Development Bank (IDB), the United Kingdom Department of International Development (DFID) and the Canadian International Development Agency (CIDA), supports projects in 15 Caribbean countries in partnership with the Caribbean Development Bank.
    Keywords: Private Sector, Integration & Trade, compete caribbean
    Date: 2011–12
  5. By: Cross, Robin; Plantinga, Andrew J.; Stavins, Robert Norman
    Abstract: We examine the value of terroir, which refers to the special characteristics of a place that impart unique qualities to the wine produced. We do this by conducting a hedonic analysis of vineyard sales in the Willamette Valley of Oregon to ascertain whether site attributes, such as slope, aspect, elevation, and soil types, or designated appellations are more important determinants of price. We find that prices are strongly determined by sub-AVA appellation designations, but not by specific site attributes. These results indicate that the concept of terroir matters economically, although the reality of terroir – as proxied for by locational attributes – is not significant.
    Date: 2011

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