Purpose of the model:
To explore the effects of asymmetric information regarding the tourism system. Here two main cases are examined: one in which sellers have more information than buyers (the classic market for lemon), and one in which buyers have more information than the sellers (the market for gems).
Baggio, R., & Baggio, J. A. (2013). Modeling Information Asymmetries. In , M. Kozak, L. Andreu, J. Gnoth, S. S. Lebe , & A. Fyall (Eds.), In Tourism Marketing: On Both Sides of the Country (pp. 156-174). Newcastle, UK: Cambridge Scholars Publishing.
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