Why Regulation Is Needed in Emerging Markets in the Tourism Sector.
The neoclassical ideal has defended the idea that markets, in a context of limited regulation, reach an optimal equilibrium automatically. We analyze this assertion in an applied manner with a case study of the emerging online market of intermediation of tourist apartments. The lack of regulation in...
| Published in: | American Journal of Economics & Sociology Vol. 78; no. 1; pp. 225 - 255 |
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| Main Authors: | , , |
| Format: | Article |
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Wiley-Blackwell
Jan2019
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| Subjects: | |
| Online Access: | View this record in EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=134324209&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 134324209 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00029246 AES jtl: American Journal of Economics & Sociology issn: 00029246 maglogo: Y pubinfo: dt: Jan2019 vid: 78 iid: 1 pid: 480 pub: Wiley-Blackwell artinfo: ui: 134324209 10.1111/ajes.12263 ppf: 225 ppct: 30 formats: fmt: – @attributes: type: T – @attributes: type: P size: 168KB tig: atl: Why Regulation Is Needed in Emerging Markets in the Tourism Sector. aug: au: María Martín‐Martín, Jose Ostos‐Rey, María S. Salinas‐Fernández, Jose A. su: Markets Economic impact Social impact Tourism Internet marketing sug: subj: Markets Economic impact Social impact Electronic Shopping Electronic shopping and mail-order houses RV (Recreational Vehicle) Parks and Campgrounds Recreational and Vacation Camps (except Campgrounds) Bed-and-Breakfast Inns Casino Hotels Hotels (except Casino Hotels) and Motels Convention and Visitors Bureaus All Other Amusement and Recreation Industries All Other Traveler Accommodation Tourism Internet marketing ab: The neoclassical ideal has defended the idea that markets, in a context of limited regulation, reach an optimal equilibrium automatically. We analyze this assertion in an applied manner with a case study of the emerging online market of intermediation of tourist apartments. The lack of regulation in this market causes many social and economic impacts on local communities, which can jeopardize the survival of the activity. We conclude that an analysis of markets that considers only prices results in a limited view. All externalities and their effects on the population must be taken into account, as well as the interests of the individuals involved, apart from profit‐making. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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