Information Asymmetry in the Tourist Market Cover Image

Asymetria informacji na rynku turystycznym
Information Asymmetry in the Tourist Market

Author(s): Aleksander Panasiuk
Subject(s): Marketing / Advertising, Tourism, ICT Information and Communications Technologies
Published by: Instytut Nauk Ekonomicznych Polskiej Akademii Nauk
Keywords: information asymmetry; tourist market; tourist destination; touroperator;

Summary/Abstract: In the classical approach, information asymmetry refers to the relations between sellers and buyers in a given market. Information advantage on the one part of the market can lead to situation, in which the deal cannot be completed, or one of the two parts considers the transaction as not fully satisfactory. The contemporary market comprises typical purchase and sale transactions sale offers, as well as some pseudo-contractual and non-contractual deals. All of them subject to information asymmetry. The paper discusses various kinds of information asymmetry seen in the tourist market and proposes a classification of its forms. The author also indicates the possibilities and ways of reducing the scope of information asymmetry. The proposed way of analysing information asymmetry may also be used in the analysis of this phenomenon in other branch markets.

  • Issue Year: 2016
  • Issue No: 5
  • Page Range: 752-765
  • Page Count: 14
  • Language: Polish
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