Resort Pricing and Bankruptcy

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We introduce a resort pricing model, where different types of tourists choose between different resorts. We study the influence of the resort prices on the choices of the different types of tourists. We characterize the coherent strategies of the tourists that are Nash equilibria.We find the prices that lead to the bankruptcy ofthe resorts and, in particular, their dependence on the characteristics of the tourists.

Original languageUnknown
Title of host publicationDynamics, Games and Science II
EditorsMauricio Matos Peixoto, David A. Rand, Alberto Adrego Pinto
Place of PublicationSpringer-Verlag Berlin Heidelberg
ISBN (Print)978-3-642-14787-6 / 978-3-642-14788-3
Publication statusPublished - 1 Jan 2011

Publication series

NameSpringer Proceedings in Mathematics
ISSN (Print)2190-5614

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