A Dynamic Game Theory Model for Tourism Supply Chains
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Date
2021
Authors
Keskin, Kerim
Ucal, Meltem Şengün
Journal Title
Journal ISSN
Volume Title
Publisher
Sage Publications
Open Access Color
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Abstract
This article contributes to the game-theoretic analysis of tourism supply chains. We start with a baseline model including three types of agents: (a) one theme park, (b) multiple accommodation providers, and (c) multiple tour operators. We investigate the strategic dynamics (i.e., collaboration and competition) embedded in a market with two different tourism supply chains, and then we extend our model to an infinite-horizon repeated game arguing that agents would face the same decision problem in each week of every holiday season in each year. We show how agents in a tourism supply chain end up with higher profits in any given period of a repeated game compared with their profits in the static version of the game.
Description
Keywords
Collaboration, Competition, Dynamic models, Game theory, Package holidays, Tourism supply chain
Turkish CoHE Thesis Center URL
Fields of Science
Citation
13
WoS Q
Q2
Scopus Q
Q1
Source
Volume
45
Issue
2
Start Page
304
End Page
324