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Keynesian Policies for Tourism: Taxation without Coordination

Candela, Guido; Castellani, Massimiliano; Mussoni, Maurizio

Tourism economics: the business and finance of tourism and recreation. Volume 21:Number 3 (2015, June); pp 527-541 -- SAGE Publications Ltd

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  • Title:
    Keynesian Policies for Tourism: Taxation without Coordination
  • Author: Candela, Guido;
    Castellani, Massimiliano;
    Mussoni, Maurizio
  • Found In: Tourism economics: the business and finance of tourism and recreation. Volume 21:Number 3 (2015, June); pp 527-541
  • Journal Title: Tourism economics: the business and finance of tourism and recreation
  • Subjects: Tourism--Periodicals; coordination failures--tragedy of the anticommons--tourism production--tourism destinations--Keynesian policies; Dewey: 338.4791
  • Rights: legaldeposit
  • Publication Details: SAGE Publications Ltd
  • Abstract:

    In this paper the authors investigate the effect of a Keynesian policy in tourism destinations where tourism products are mainly sold through 'direct sales' (decentralized solution) and the tourism market equilibrium is characterized by sticky prices and unemployment (coordination failure); thus the conditions for a Keynesian demand policy are verified. This policy is a Pareto improving solution with respect to the organization of sales by tour operators or destination managers (centralized solution), since tourism firms are not worse-off in terms of profits and there is an increase of tourism production as well as of employment.


  • Identifier: System Number: LDEAvdc_100068098792.0x000001; Journal ISSN: 1354-8166; 10.5367/te.2015.0479
  • Publication Date: 2015
  • Physical Description: Electronic
  • Shelfmark(s): ELD Digital store

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