Fragmented Ownership and Second Homes in Tourism Resorts (original) (raw)

Anatolia, 2010

Abstract

In spite of the generally accepted view that second homes induce a higher seasonality and a lower occupancy rate than hotels, they persistently prevail in many tourism destinations. This paper introduces a mechanism to illustrate and analyze the decision problem of constructing second homes or hotels. We introduce a two period game with two players representing a developer of buildings

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