Currently i am enrolled in writing a paper concerning the exploitation of public goods and public resources in tourism development.
The paper and theory it self is based on Rosen’s ( Rosen, S., 1974. Hedonic Prices and Implicit Markets: product Differentiation in pure Competition. Journal of political Economy, Vol. 82, pp. 34-55), theory about Tourism Product, and Lancaster’s (1966) marginal utility theory. Rosen considered tourism product as bundle of private and public characteristics.
Many of researchers have focused on investigating how private characteristics influence hotel prices, how ever there is only few focusing on public attributes.
Here is small literature insight,
Andersson, D.E., 2000. Hypothesis testing in hedonic price estimation – On the selection of independent variables. Annals of Regional Science, Vol. 24 (2), pp. 293-304
Bellu, L.G., Cistulli, V., Harou, P., Markandya, Anil., 2002. Environmental economics for sustainable growth. Cheltenham: Edward Elgar Publishing Limited.
Bockstael, N.E, Freeman, A.M., Welfare Theory and Valuation. U: Maler, K.G. i Vincent, J.R. eds. Handbook of Environmental Economics, Volume 2: Valuing Environmental Changes. London: Elsevier. pp. 517-566
Buchanan, M.J, 1999. The demand and supply of public goods, 5. Izd. Indianapolis: Liberty Fund, Inc.
Candela, G., Figini, P., 2010. The Economics of Tourism Destination. 2 izd. Italija: McGraw-Hill Companies Inc. Publishing Italia
Croper, M.L., Deck, L.B., McConnell, K.E., 1988. On the choice of functional form for hedonic price funcitions. Review of Economic Statistics, Vol.70, pp. 668-675
Dwyer, L. i Forsyth, P. eds. 2006. International Handbook on the Economics of Tourism. Cheltenham Glos. Edward Edgar publishing Limited
Edgell, D.L., DelMastro Allen, M., Smith, G., Swanson, J.R., 2008. Tourism Policy and Planing – Yesterday, Today, Tomorrow. Oxford: Elsevier
Epple, D., 1987. Hedonic prices and implicit markets: estimating demand and supply functions for differentiated products. Journal of Political Economy, Vol. 95, pp. 59-80
Espinet, J.M., Coenders, G.M, Fluvia, M., 2003. Effect on prices oft he attributes of holiday hotels: A hedonic price approach. Tourism Economics, Vol. 9, pp.165-177.
Matias, A., Nijkamp, P., Neto, P., 2007. Advances in Modern Tourism Research. New York: Physica-Verlag Heidelberg
Musgrave, R.A., 1959. The Theory of Public Finance: A Study in Public Economy. New York: McGraw-Hill.
Nunkoo, R., Ramkissoon, H., 2011. Developing a community support model for tourism. Annals of Tourism Research, Vol. 38 (3), pp. 2964-988
Nunkoo, R., Ramkissoon, H., 2012. Power, trust, social exchange and community support. Annals of tourism research, Vol. 39 (2), pp. 997-1023
Palmquist, R.B., 2005. Property Value Models. U: Maler, K.G. i Vincent, J.R. eds. Handbook of Environmental Economics, Volume 2: Valuing Environmental Changes. London: Elsevier, pp. 764-808
Premkumar, D., Quackenbush, A., Artz, G., Orazem, P., 2013. If you build it, will they come?: Fiscal Federalism, Local Provision of Public Tourist Amenities, and the Visio Iowa Fund. The Review of Regional Studies, Vol. 43, pp. 155-173
Reid, D.G., 2003. Tourism, Globalization and Development – Responsible Tourism Planing. London: Pluto Press
Rigall-I-Torrent, R., Fluvia, M., Ballester, R., Salo, A., Ariza, E., Espinet, J.M., 2011. The effects of beach characteristics and location with respect to hotel prices. Tourism Management, Vol. 32, pp. 1150-1158
Rosen, S., 1974. Hedonic Prices and Implicit Markets: product Differentiation in pure Competition. Journal of political Economy, Vol. 82, pp. 34-55
Stiglitz, E.J., 2002. New perspectives on public finance: recent achievements and future challenges. New York: Columbia University
Stiglitz, J., 1999. Economics oft he public sector. New York: W.W. Norton & Company.