Fr. 52.50

The Reaction to Risk: the Case of Terror and Tourism

English · Paperback / Softback

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Description

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Tourism is very sensitive to the occurrence of terror despite the extremely low probability of getting hurt by acts of terror. The study suggests that the high sensitivity of tourists to the occurrence of terror is due to a large elasticity of substitution among tourist destinations rather than high risk aversion. This conclusion emerges from the estimated parameters of a model in which "representative tourists" originating from the largest economies optimally choose among destinations characterized by different probabilities of terror activity. The estimated parameters are also used to conduct some counterfactual experiments and assess tourism sensitivity to changes in the incidence of terror and costs. Furthermore, welfare losses due to terror are computed both for countries of origin and destinations.

About the author










Sharon has a Phd in Economics and she is a faculty member in the Economics and Management department at the Yezreel Valley College.Bental is a professor of economics at the University of Haifa, specializing in macroeconomics and economic growth. He has been a visiting professor at a number of foreign universities.

Product details

Authors Benjamin Bental, Sharo Teitler Regev, Sharon Teitler Regev
Publisher LAP Lambert Academic Publishing
 
Languages English
Product format Paperback / Softback
Released 01.01.2013
 
EAN 9783659478772
ISBN 978-3-659-47877-2
No. of pages 64
Subject Natural sciences, medicine, IT, technology > Chemistry > Miscellaneous

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