{"id":"https://openalex.org/W7225317284","doi":"https://doi.org/10.1111/joes.70188","title":"Exchange Rates and International Tourism Demand with Endogenous Prices and Capacity Constraints","display_name":"Exchange Rates and International Tourism Demand with Endogenous Prices and Capacity Constraints","publication_year":2026,"publication_date":"2026-11-05","ids":{"openalex":"https://openalex.org/W7225317284","doi":"https://doi.org/10.1111/joes.70188"},"language":"en","primary_location":{"id":"doi:10.1111/joes.70188","doi":"https://doi.org/10.1111/joes.70188","is_oa":true,"landing_page_url":"https://doi.org/10.1111/joes.70188","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/joes.70188","source":{"id":"https://openalex.org/S124549413","display_name":"Journal of Economic Surveys","issn_l":"0950-0804","issn":["0950-0804","1467-6419"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","jufo-1","norway-1","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Economic Surveys","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"bronze","oa_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/joes.70188","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5140377021","display_name":"He Wang","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4210103733","display_name":"Shandong Xiehe University","ror":"https://ror.org/01bx4e159","country_code":"CN","type":"education","lineage":["https://openalex.org/I4210103733"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"He Wang","raw_affiliation_strings":["School of Business Shandong Xiehe University  Jinan Shandong China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Business Shandong Xiehe University  Jinan Shandong China","institution_ids":["https://openalex.org/I4210103733"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5152267227","display_name":"Lu He","orcid":"https://orcid.org/0009-0003-2387-9185","observed_orcids":["https://orcid.org/0009-0003-2387-9185"]},"institutions":[{"id":"https://openalex.org/I4405278484","display_name":"Fuzhou University of International Studies and Trade","ror":"https://ror.org/0047vxv52","country_code":"CN","type":"education","lineage":["https://openalex.org/I4405278484"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Lu He","raw_affiliation_strings":["Global South Research Institute Fuzhou University of International Studies and Trade  Fujian China"],"raw_orcid":"https://orcid.org/0009-0003-2387-9185","affiliations":[{"raw_affiliation_string":"Global South Research Institute Fuzhou University of International Studies and Trade  Fujian China","institution_ids":["https://openalex.org/I4405278484"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5152267227"],"corresponding_institution_ids":["https://openalex.org/I4405278484"],"apc_list":{"value":4250,"currency":"USD","value_usd":4250},"apc_paid":null,"fwci":0.0,"has_fulltext":true,"cited_by_count":0,"citation_normalized_percentile":{"value":0.0,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10055","display_name":"Diverse Aspects of Tourism Research","score":0.9824000000953674,"subfield":{"id":"https://openalex.org/subfields/1409","display_name":"Tourism, Leisure and Hospitality Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10055","display_name":"Diverse Aspects of Tourism Research","score":0.9824000000953674,"subfield":{"id":"https://openalex.org/subfields/1409","display_name":"Tourism, Leisure and Hospitality Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.005200000014156103,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10128","display_name":"Global trade and economics","score":0.0038999998942017555,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/exchange-rates","display_name":"exchange rates","score":0.9789999723434448},{"id":"https://openalex.org/keywords/international-tourism-demand","display_name":"international tourism demand","score":0.9750000238418579},{"id":"https://openalex.org/keywords/capacity-constraints","display_name":"capacity constraints","score":0.8289999961853027},{"id":"https://openalex.org/keywords/foreign-exchange-risk","display_name":"exchange rate risk","score":0.8220000267028809},{"id":"https://openalex.org/keywords/price-transmission","display_name":"price transmission","score":0.8159999847412109},{"id":"https://openalex.org/keywords/scarcity-rents","display_name":"scarcity rents","score":0.718999981880188},{"id":"https://openalex.org/keywords/tourism-demand-estimation","display_name":"tourism demand estimation","score":0.3790000081062317},{"id":"https://openalex.org/keywords/mauritius","display_name":"Mauritius","score":0.5889999866485596}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.8364999890327454},{"id":"https://openalex.org/C106866004","wikidata":"https://www.wikidata.org/wiki/Q264259","display_name":"Economic rent","level":2,"score":0.7565000057220459},{"id":"https://openalex.org/C95383336","wikidata":"https://www.wikidata.org/wiki/Q4198710","display_name":"Depreciation (economics)","level":5,"score":0.6952000260353088},{"id":"https://openalex.org/C2776036281","wikidata":"https://www.wikidata.org/wiki/Q48769818","display_name":"Constraint (computer-aided design)","level":2,"score":0.5422000288963318},{"id":"https://openalex.org/C109747225","wikidata":"https://www.wikidata.org/wiki/Q815758","display_name":"Scarcity","level":2,"score":0.5242999792098999},{"id":"https://openalex.org/C141121606","wikidata":"https://www.wikidata.org/wiki/Q8142","display_name":"Currency","level":2,"score":0.5152999758720398},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.5133000016212463},{"id":"https://openalex.org/C18918823","wikidata":"https://www.wikidata.org/wiki/Q49389","display_name":"Tourism","level":2,"score":0.42719998955726624},{"id":"https://openalex.org/C179366874","wikidata":"https://www.wikidata.org/wiki/Q1185130","display_name":"Demand management","level":2,"score":0.4104999899864197},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.38760000467300415},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.38749998807907104},{"id":"https://openalex.org/C2983132609","wikidata":"https://www.wikidata.org/wiki/Q66076","display_name":"Foreign exchange","level":2,"score":0.3264999985694885},{"id":"https://openalex.org/C120330832","wikidata":"https://www.wikidata.org/wiki/Q166656","display_name":"Supply and demand","level":2,"score":0.32589998841285706},{"id":"https://openalex.org/C2983523559","wikidata":"https://www.wikidata.org/wiki/Q410657","display_name":"On demand","level":2,"score":0.3116999864578247},{"id":"https://openalex.org/C150566966","wikidata":"https://www.wikidata.org/wiki/Q1974357","display_name":"Demand shock","level":2,"score":0.305400013923645},{"id":"https://openalex.org/C2779439359","wikidata":"https://www.wikidata.org/wiki/Q317088","display_name":"Commodity","level":2,"score":0.3010999858379364},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.29679998755455017},{"id":"https://openalex.org/C185782297","wikidata":"https://www.wikidata.org/wiki/Q2142538","display_name":"Relative price","level":2,"score":0.2946999967098236},{"id":"https://openalex.org/C66887028","wikidata":"https://www.wikidata.org/wiki/Q382444","display_name":"Marginal cost","level":2,"score":0.29249998927116394},{"id":"https://openalex.org/C51355593","wikidata":"https://www.wikidata.org/wiki/Q3194154","display_name":"Price elasticity of demand","level":2,"score":0.27720001339912415},{"id":"https://openalex.org/C18547055","wikidata":"https://www.wikidata.org/wiki/Q47417","display_name":"International economics","level":1,"score":0.26330000162124634},{"id":"https://openalex.org/C13166094","wikidata":"https://www.wikidata.org/wiki/Q1597271","display_name":"Capacity utilization","level":2,"score":0.2621000111103058},{"id":"https://openalex.org/C2776687071","wikidata":"https://www.wikidata.org/wiki/Q5265193","display_name":"Destinations","level":3,"score":0.25589999556541443},{"id":"https://openalex.org/C103382277","wikidata":"https://www.wikidata.org/wiki/Q282640","display_name":"General equilibrium theory","level":2,"score":0.2542000114917755},{"id":"https://openalex.org/C165404738","wikidata":"https://www.wikidata.org/wiki/Q3052487","display_name":"Partial equilibrium","level":3,"score":0.25060001015663147},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.25040000677108765}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1111/joes.70188","doi":"https://doi.org/10.1111/joes.70188","is_oa":true,"landing_page_url":"https://doi.org/10.1111/joes.70188","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/joes.70188","source":{"id":"https://openalex.org/S124549413","display_name":"Journal of Economic Surveys","issn_l":"0950-0804","issn":["0950-0804","1467-6419"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","jufo-1","norway-1","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Economic Surveys","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.1111/joes.70188","doi":"https://doi.org/10.1111/joes.70188","is_oa":true,"landing_page_url":"https://doi.org/10.1111/joes.70188","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/joes.70188","source":{"id":"https://openalex.org/S124549413","display_name":"Journal of Economic Surveys","issn_l":"0950-0804","issn":["0950-0804","1467-6419"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","jufo-1","norway-1","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Economic Surveys","raw_type":"journal-article"},"sustainable_development_goals":[{"score":0.48510000109672546,"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W7225317284.pdf","grobid_xml":"https://content.openalex.org/works/W7225317284.grobid-xml"},"referenced_works_count":90,"referenced_works":["https://openalex.org/W132774637","https://openalex.org/W1502038133","https://openalex.org/W1598563595","https://openalex.org/W1830512100","https://openalex.org/W1939526929","https://openalex.org/W1966910378","https://openalex.org/W1969615393","https://openalex.org/W1973676769","https://openalex.org/W1986618100","https://openalex.org/W1987672764","https://openalex.org/W1990347741","https://openalex.org/W1996538121","https://openalex.org/W2006746888","https://openalex.org/W2007367443","https://openalex.org/W2009174936","https://openalex.org/W2010807492","https://openalex.org/W2020519621","https://openalex.org/W2046505028","https://openalex.org/W2049573284","https://openalex.org/W2080237935","https://openalex.org/W2088199507","https://openalex.org/W2098833597","https://openalex.org/W2099188245","https://openalex.org/W2102296015","https://openalex.org/W2110603299","https://openalex.org/W2150220236","https://openalex.org/W2153562738","https://openalex.org/W2161783859","https://openalex.org/W2244212449","https://openalex.org/W2249646004","https://openalex.org/W2579984448","https://openalex.org/W2582435306","https://openalex.org/W2777754987","https://openalex.org/W2806204954","https://openalex.org/W2809449818","https://openalex.org/W2885603210","https://openalex.org/W2898750004","https://openalex.org/W2928315841","https://openalex.org/W2937876989","https://openalex.org/W2939264787","https://openalex.org/W2952682296","https://openalex.org/W2981523045","https://openalex.org/W2982278704","https://openalex.org/W3001205854","https://openalex.org/W3003690336","https://openalex.org/W3015567891","https://openalex.org/W3017256977","https://openalex.org/W3042964551","https://openalex.org/W3045490056","https://openalex.org/W3045713590","https://openalex.org/W3088273756","https://openalex.org/W3102122826","https://openalex.org/W3118615836","https://openalex.org/W3121730979","https://openalex.org/W3135389013","https://openalex.org/W3152948767","https://openalex.org/W4206545290","https://openalex.org/W4289224418","https://openalex.org/W4295788338","https://openalex.org/W4323314914","https://openalex.org/W4361215628","https://openalex.org/W4383215493","https://openalex.org/W4385993311","https://openalex.org/W4390953858","https://openalex.org/W4392592995","https://openalex.org/W4393953340","https://openalex.org/W4399217796","https://openalex.org/W4401942232","https://openalex.org/W4403695130","https://openalex.org/W4403711879","https://openalex.org/W4405528796","https://openalex.org/W4408019953","https://openalex.org/W4408788497","https://openalex.org/W4409906406","https://openalex.org/W4410876631","https://openalex.org/W4414243507","https://openalex.org/W4414291787","https://openalex.org/W4415251705","https://openalex.org/W7126428414","https://openalex.org/W7128002710","https://openalex.org/W7130569873","https://openalex.org/W7134845045","https://openalex.org/W7134965246","https://openalex.org/W7140170686","https://openalex.org/W7142691844","https://openalex.org/W7147189239","https://openalex.org/W7164086847","https://openalex.org/W7167641584","https://openalex.org/W7211902747","https://openalex.org/W7213254228"],"related_works":["https://openalex.org/W7161377658","https://openalex.org/W3102122826","https://openalex.org/W2952682296","https://openalex.org/W6991011984","https://openalex.org/W7113361828","https://openalex.org/W4214934708","https://openalex.org/W2346276705","https://openalex.org/W2148129129","https://openalex.org/W4415039343","https://openalex.org/W2906669284"],"abstract_inverted_index":{"ABSTRACT":[0],"Why":[1],"does":[2],"destination":[3,36],"depreciation":[4],"sometimes":[5,9],"expand":[6],"tourism":[7],"and":[8,28,40,68,75,117,131],"leave":[10],"demand":[11,44,94],"almost":[12],"unchanged?":[13],"We":[14],"develop":[15],"a":[16,107,118,136],"two\u2010destination":[17],"equilibrium":[18],"model":[19],"with":[20],"endogenous":[21],"supplier":[22,55],"prices,":[23],"imported\u2010cost":[24],"exposure,":[25],"currency":[26],"risk,":[27],"capacity":[29,59],"constraints.":[30],"Five":[31],"propositions":[32],"separate":[33],"price":[34],"transmission,":[35],"reallocation,":[37],"additional":[38],"trips,":[39],"welfare.":[41],"Depreciation":[42],"expands":[43],"only":[45,95],"when":[46,85,96],"its":[47,97,101],"conversion":[48],"benefit":[49,99],"exceeds":[50,100],"the":[51,145,150],"associated":[52],"increase":[53],"in":[54,129],"costs.":[56],"A":[57,113],"binding":[58],"constraint":[60],"absorbs":[61],"further":[62],"cost":[63],"relief":[64],"into":[65],"scarcity":[66],"rents":[67],"creates":[69],"unequal":[70],"quantity":[71],"responses":[72],"to":[73,148],"favorable":[74],"adverse":[76],"shocks.":[77],"Destination":[78],"gains":[79],"can":[80],"arise":[81],"entirely":[82],"from":[83,127],"reallocation":[84],"total":[86],"international":[87],"travel":[88],"is":[89],"fixed.":[90],"Risk":[91],"protection":[92],"raises":[93],"certainty\u2010equivalent":[98],"price.":[102],"These":[103],"analytical":[104],"results":[105],"organize":[106],"critical":[108],"synthesis":[109],"of":[110,121],"tourism\u2010demand":[111],"evidence.":[112],"documented":[114],"literature":[115],"verification":[116],"paired":[119],"comparison":[120],"Mauritian":[122],"studies":[123],"distinguish":[124,149],"measurement":[125],"differences":[126],"changes":[128],"samples":[130],"estimators.":[132],"Booking\u2010horizon":[133],"alignment":[134],"remains":[135],"theoretical":[137],"implication":[138],"requiring":[139],"direct":[140],"testing.":[141],"The":[142],"analysis":[143],"identifies":[144],"observations":[146],"needed":[147],"mechanisms":[151],"behind":[152],"conflicting":[153],"exchange\u2010rate":[154],"estimates.":[155]},"counts_by_year":[],"updated_date":"2026-11-10T11:39:43.021295","created_date":"2026-11-06T00:00:00"}