This paper studies the short-term impact of a volcano eruption on tourism demand, supply, and hospitality labour in La Palma (Spain), an island economy that is highly dependent on the tourism sector. Based on a monthly panel dataset at the touristic zone level, we use SeeminglyUnrelated...

We contribute to the debate on whether tourism should be considered a discipline or just a field of study. By re-arranging Hirst's four criteria (1974) to define a primary form of knowledge (a discipline), we affirm that tourism economics can be considered an established economic discipline in...

Part I: Introduction to the Economics of Tourism -- 1 Definitions and Key Concepts -- 2 The Tourism Sector in the Economy -- 3 The Economics of Tourism Destinations -- Part II: The Microeconomics of Tourism -- 4 The Consumer Theory Applied to the Tourist -- 5 A Close Examination of the Consumer...