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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 PublicationTourism Management
ABS Journal Level4
ISSN0261-5177
Volume91Issue: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.

KeywordAsymmetric Information Compound Relief Mechanism Lemon Market Theory Package Tour Quality Stochastic Evolutionary Game Wright-fisher Process
DOI10.1016/j.tourman.2021.104478
URLView the original
Indexed BySSCI
Language英語English
WOS Research AreaEnvironmental Sciences & Ecology ; Social Sciences - Other Topics ; Business & Economics
WOS SubjectEnvironmental Studies ; Hospitality, Leisure, Sport & Tourism ; Management
WOS IDWOS:000830274000001
Scopus ID2-s2.0-85123580512
Fulltext Access
Citation statistics
Document TypeJournal article
CollectionDEPARTMENT OF FINANCE AND BUSINESS ECONOMICS
Corresponding AuthorChen, Ming-Hsiang
Affiliation1.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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