Abstract
This paper deals with the supply function trend in the tourism industry. In this regard, Sraffa's theory is based on a strong link between a perfectly competitive system and supply at constant cost and consequently with stabile supply prices. The paper's purpose is to present an analysis of specific problems of the supply trend in the tourism industry. Brief research shows that the tourism industry has a decreasing trend. The supply function's character is due to internal economies and chiefly to external economies. An analysis on trends of the tourism industry proves that this sector of the economy operates in a system that is not of perfect competition but is characterized by imperfect or monopolistic competition. At a certain point of function we can remark on an opposite trend because the function begins to rise.
Original language | English |
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Title of host publication | Sustainable Development and Planning IV |
Publisher | WITPress |
Pages | 817-821 |
Number of pages | 5 |
Volume | 120 |
ISBN (Print) | 9781845641818 |
DOIs | |
State | Published - 1 Jan 2009 |
Externally published | Yes |
Event | 4th International Conference on Sustainable Development and Planning, Sustainable Development 2009 - , Cyprus Duration: 13 May 2009 → 15 May 2009 |
Conference
Conference | 4th International Conference on Sustainable Development and Planning, Sustainable Development 2009 |
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Country/Territory | Cyprus |
Period | 13/05/09 → 15/05/09 |
Keywords
- Environmental quality
- Political economy
- Supply function
- Tourism development