Habit Formation in Tourism Traveling

Volume: 61, Issue: 1, Pages: 16 - 32
Published: Oct 21, 2020
Abstract
This article conducts a microeconometric analysis of individual participation in tourism activities. We examine the existence of habit formation in the form of state dependence by which past trips increase the taste for traveling. We also study the role of regional unemployment rates, regional price indexes, and climate conditions at origin on the likelihood of tourism participation. Individual and household characteristics are also controlled...
Paper Details
Title
Habit Formation in Tourism Traveling
Published Date
Oct 21, 2020
Volume
61
Issue
1
Pages
16 - 32
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