This article analyzes the consequences of tourism specialization on efficiency in hotel sector. The evidence found other sectors and economies supports goodness specialization. Nevertheless, tourism-led have particular issues that need to be addressed such as seasonality lack significant tradable competitive activities could trigger spillover effects services. Spain provides a suitable context ...

Any compensation mechanism that is intended to reward superior investment performance can be gamed by managers who have no superior information or predictive ability; moreover they can capture a sizable amount of the fees intended for the superior managers. We derive precise bounds on the size of this coat‐tail effect and show that it remains substantial even when payments are postponed, bonuse...

What are the equilibrium features of a dynamic …nancial market in which traders care about their reputation for ability? We modify a standard sequential trading model to include traders with career concerns. We show that this market cannot be informationally e¢ cient: there is no equilibrium in which prices converge to the true value, even after an in…nite sequence of trades. We characterize th...

BACKGROUND From our experience the toilet paper is folded in the bathrooms in rooms in branded hotels. We aimed to study the total time yearly spent in the world on folding hotel toilet paper. METHOD Three investigators clocked 60 folding toilet paper events and calculated the mean time. The mean folding time was 5.73 s (interquartile range 4.50-6.56). Using the calculated extra time it takes...

One of the common Web searches that have a strong local component is the search for hotel accommodation. Customers try to identify hotels that satisfy particular criteria, such as service, food quality, and so on. Unfortunately, today, the travel search engines provide only rudimentary ranking facilities, typically using a single ranking criterion such as distance from city center, number of st...

intellectual capital (ic) is organizational intangible asset which is frequently associated with performance. ic is commonly categorized into three core components: human capital, structural capital and relational capital. this study takes a step further in the evolution of the ic model for the hotel industry and divides relationship capital into two categories: end customer- relationship capit...

Information cues about products influence consumer purchase decisions. Online review can enhance communication among consumers while affecting consumer perception by increasing awareness and reducing uncertainty. However, little is known on how Word-of-Mouth (WOM) and information cues interact, especially on experience goods like hotel rooms. To bridge this gap, we analyze data collected from E...