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Resort Pricing and Bankruptcy

Title
Resort Pricing and Bankruptcy
Type
Article in International Conference Proceedings Book
Year
2011
Authors
Marta Faias
(Author)
Other
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Abdelrahim S Mousa
(Author)
Other
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Conference proceedings International
Pages: 567-573
International Conference DYNA 2008
Braga, PORTUGAL, SEP 08-12, 2008
Scientific classification
FOS: Natural sciences > Mathematics
Other information
Authenticus ID: P-002-WJA
Abstract (EN): We introduce a resort pricing model, where different types of tourists choose between different resorts. We study the influence of the resort prices on the choices of the different types of tourists. We characterize the coherent strategies of the tourists that are Nash equilibria. We find the prices that lead to the bankruptcy of the resorts and, in particular, their dependence on the characteristics of the tourists.
Language: English
Type (Professor's evaluation): Scientific
No. of pages: 7
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