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

Harry R. Clarke; Yew Kwang Ng

doi:10.1016/1059-0560(95)90047-0

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

Harry R. Clarke, Yew Kwang Ng

Department of Economics

Research output: Contribution to journal › Comment / Debate › Other › peer-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 language	English
Pages (from-to)	305-309
Number of pages	5
Journal	International Review of Economics and Finance
Volume	4
Issue number	3
DOIs	https://doi.org/10.1016/1059-0560(95)90047-0
Publication status	Published - 1995

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10.1016/1059-0560(95)90047-0

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title = "Non-traded goods and the welfare gains from tourism: comment",

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.",

author = "Clarke, \{Harry R.\} and Ng, \{Yew Kwang\}",

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AU - Clarke, Harry R.

AU - Ng, Yew Kwang

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AB - 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.

UR - https://www.scopus.com/pages/publications/0003802464

U2 - 10.1016/1059-0560(95)90047-0

DO - 10.1016/1059-0560(95)90047-0

M3 - Comment / Debate

AN - SCOPUS:0003802464

SN - 1059-0560

VL - 4

SP - 305

EP - 309

JO - International Review of Economics and Finance

JF - International Review of Economics and Finance

IS - 3

ER -

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

Abstract

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