@misc{Sheng_Li_A_2024,
 author={Sheng, Li},
 identifier={DOI: 10.15611/aoe.2024.2.10},
 year={2024},
 rights={Pewne prawa zastrzeżone na rzecz Autorów i Wydawcy},
 description={Argumenta Oeconomica, 2024, Nr 2 (53), s. 144-158},
 publisher={Publishing House of Wroclaw University of Economics and Business},
 language={eng},
 abstract={The paper suggests the use of a dynamic programming model to describe how external shocks from tourism source markets are dispersed across visitor flows to a travel destination, with major effects on the destination’s hospitality performance. One can determine the driving forces underlying local cycles by modelling this mechanism, which also provides a theoretical foundation for empirical research. Additionally, the study revealed that in an equilibrium tourism market, positive changes in the push and pull variables have a beneficial influence on the local economy, resulting in decreased prices and increases in the number of visitors and revenues. In contrast, a negative external shock can have a detrimental influence on these aspects of the local economy.},
 title={A dynamic programming model for hospitality performance in tourist cities},
 type={artykuł},
 keywords={dynamic programming, propagation mechanism, hospitality fluctuation, tourism flows, travel destinations},
}