Why Regulation Is Needed in Emerging Markets in the Tourism Sector

José María Martín Martín · María del Sol Ostos Rey · José Antonio Salinas Fernández

34 citations0/0 files storedAmerican Journal of Economics and Sociology

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Sharing Economy and Platforms Diverse Aspects of Tourism Research Regulation and Compliance Studies

Abstract

Abstract The neoclassical ideal has defended the idea that markets, in a context of limited regulation, reach an optimal equilibrium automatically. We analyze this assertion in an applied manner with a case study of the emerging online market of intermediation of tourist apartments. The lack of regulation in this market causes many social and economic impacts on local communities, which can jeopardize the survival of the activity. We conclude that an analysis of markets that considers only prices results in a limited view. All externalities and their effects on the population must be taken into account, as well as the interests of the individuals involved, apart from profit‐making.

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References

1933The Economics of Welfare 2000Marketing the competitive destination of the future 2015The sharing economy: Why people participate in collaborative consumption 2013You are what you can access: Sharing and collaborative consumption online 2002Grundrisse: Foundations of the Critique of Political Economy 2017The Rise of the Sharing Economy: Estimating the Impact of Airbnb on the Hotel Industry 2012Access-Based Consumption: The Case of Car Sharing: Table 1.1992Residents' perceptions on tourism impacts

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2019An analysis of the stability of rural tourism as a desired condition for sustainable tourism 2020Interferences generated on the well-being of local communities by the activity of online platforms for tourist accommodation 2021Exploring conflicts between stakeholders in tourism industry. Citizen attitude toward peer-to-peer accommodation platforms 2022Socio‐cultural impacts of peer‐to‐peer accommodation on host communities

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