Residential College | false |
Status | 已發表Published |
A comprehensive analysis of package tour quality: A stochastic evolutionary game | |
Lv, Wan-Qing1; Wang, Yi-Jie1; Su, Ching-Hui (Joan)2; Chen, Ming-Hsiang3,4,5; Kot, Hung Wan6 | |
2022-08-01 | |
Source Publication | Tourism Management |
ABS Journal Level | 4 |
ISSN | 0261-5177 |
Volume | 91Issue:8Pages:104478 |
Abstract | This study sheds light on the shaping and evolution of package tour supply strategies by examining package tour quality variance under various information conditions using evolutionary game and stochastic processes. The findings indicate that demand elasticity is critical in package tours' quality when the market information is symmetric. In an asymmetric information tourism market, adverse selection and moral hazard are the primary causes of degraded package tour quality. This study develops a compound relief mechanism comprised of stratification, reputation, and punishment mechanisms to address issues with the quality of package tours. The compound relief mechanism can assist policymakers in developing practical market regulations and policies by providing a theoretical basis for package tour quality control. |
Keyword | Asymmetric Information Compound Relief Mechanism Lemon Market Theory Package Tour Quality Stochastic Evolutionary Game Wright-fisher Process |
DOI | 10.1016/j.tourman.2021.104478 |
URL | View the original |
Indexed By | SSCI |
Language | 英語English |
WOS Research Area | Environmental Sciences & Ecology ; Social Sciences - Other Topics ; Business & Economics |
WOS Subject | Environmental Studies ; Hospitality, Leisure, Sport & Tourism ; Management |
WOS ID | WOS:000830274000001 |
Scopus ID | 2-s2.0-85123580512 |
Fulltext Access | |
Citation statistics | |
Document Type | Journal article |
Collection | DEPARTMENT OF FINANCE AND BUSINESS ECONOMICS |
Corresponding Author | Chen, Ming-Hsiang |
Affiliation | 1.Department of Tourism Management, School of Business and Tourism Management, Yunnan University, Kunming, 650500, China 2.Department of Apparel, Events, and Hospitality Management, Iowa State University, Ames, 50011-1078, United States 3.Tourism and Social Administration College, Nanjing Xiaozhuang University, Nanjing, 211171, China 4.School of Hospitality Business Management, Carson College of Business, Washington State University, Pullman, 99164-4742, United States 5.School of Recreational Sports and Tourism, Beijing Sport University, Beijing, 100084, China 6.Department of Finance and Business Economics, Faculty of Business Administration, University of Macau, Avenida da Universidade, Taipa, Macao |
Recommended Citation GB/T 7714 | Lv, Wan-Qing,Wang, Yi-Jie,Su, Ching-Hui ,et al. A comprehensive analysis of package tour quality: A stochastic evolutionary game[J]. Tourism Management, 2022, 91(8), 104478. |
APA | Lv, Wan-Qing., Wang, Yi-Jie., Su, Ching-Hui ., Chen, Ming-Hsiang., & Kot, Hung Wan (2022). A comprehensive analysis of package tour quality: A stochastic evolutionary game. Tourism Management, 91(8), 104478. |
MLA | Lv, Wan-Qing,et al."A comprehensive analysis of package tour quality: A stochastic evolutionary game".Tourism Management 91.8(2022):104478. |
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