Non-traded goods and the welfare gains from tourism: comment

Harry R. Clarke, Yew Kwang Ng

Research output: Contribution to journalComment / DebateOtherpeer-review

2 Citations (Scopus)

Abstract

Tourism cannot make residents worse-off, in potential Pareto terms, due to monopoly power in product markets as claimed by Hazari and Ng (1993). Resident welfare cannot fall with such a monopoly distortion as tourism demands increase. Though prices of do rise for residents with increased tourism demand, these residents are always at least compensated by the income they earn as sellers of the same goods.

Original languageEnglish
Pages (from-to)305-309
Number of pages5
JournalInternational Review of Economics and Finance
Volume4
Issue number3
DOIs
Publication statusPublished - 1995

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