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In this paper, starting from the two-sector Uzawa-Lucas model, we study a three-sector endogenous growth model with leisure services. By extending the endogenous growth model with leisure developed by Ladrón-de Guevara et al. [1999], our model generalizes the standard time allocation problem,...
Persistent link: https://www.econbiz.de/10011651901
In this paper, starting from the Uzawa-Lucas endogenous growth framework with production of physical and human capital, we develop and investigate a model with an additional sector for the production of leisure services. In turn, our three-sector model builds on and extends Ladrón-de Guevara et...
Persistent link: https://www.econbiz.de/10012985835
Persistent link: https://www.econbiz.de/10003735665
In this paper, starting from the two-sector Uzawa-Lucas model, we study a three-sector endogenous growth model with leisure services. By extending the endogenous growth model with leisure developed by Ladrón-de Guevara et al. [1999], our model generalizes the standard time allocation problem,...
Persistent link: https://www.econbiz.de/10011714375
In this paper, starting from the two-sector Uzawa-Lucas model, we study a three-sector endogenous growth model with leisure services. By extending the endogenous growth model with leisure developed by Ladrón-de Guevara et al. [1999], our model generalizes the standard time allocation problem,...
Persistent link: https://www.econbiz.de/10012856184
The authors solve a linear problem where a potential conflict between two agents (Destination manager and Firm) arises in a tourism destination. Destination manager has to choose how to allocate limited resources (capital and land) between either second homes or hotels. This conflict stems from...
Persistent link: https://www.econbiz.de/10010308123
The authors solve a linear problem where a potential conflict between two agents (Destination manager and Firm) arises in a tourism destination. The Destination manager has to choose how to allocate limited resources (capital and land) between either second homes or hotels. This conflict stems...
Persistent link: https://www.econbiz.de/10010309221
“Ecological monsters” (“eco-monsters”) can be the bizarre, but legal, outcome of rational choices made by two agents: (i) a firm whose investments depend on Governmental permits; (ii) a policy maker having the discretionary power on the permits. This paper will determine the existence...
Persistent link: https://www.econbiz.de/10005091060
We set up a theoretical model, in which the policy maker of a tourism destination has to choose how to allocate the limited natural resource - land - between private holiday accommodations (i.e. second homes) or hotels. In a framework of partial equilibrium, the policy maker minimizes a loss...
Persistent link: https://www.econbiz.de/10005091120
The authors solve a linear problem where a potential conflict between two agents (Destination manager and Firm) arises in a tourism destination. Destination manager has to choose how to allocate limited resources (capital and land) between either second homes or hotels. This conflict stems from...
Persistent link: https://www.econbiz.de/10009646515