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dc.contributor.authorClerides, Sofronisen
dc.contributor.authorNearchou, Parisen
dc.contributor.authorPashardes, Panosen
dc.creatorClerides, Sofronisen
dc.creatorNearchou, Parisen
dc.creatorPashardes, Panosen
dc.date.accessioned2019-05-03T05:22:00Z
dc.date.available2019-05-03T05:22:00Z
dc.date.issued2008
dc.identifier.urihttp://gnosis.library.ucy.ac.cy/handle/7/47237
dc.description.abstractIntermediaries often arise in order to facilitate trade in markets characterized by asymmetric information. In the travel industry, policymakers have tried to address information asymmetries by providing hotel ratings. We show that those ratings are noisy indicators of quality because of the use of nonuniform standards across countries and limited information available to policymakers. Tour operators use their specialized knowledge to produce better ratings which are useful for comparing hotels within a country, as well as across countries. Intermediation by tour operators provides a better matching of quality with price and leads to a more efficient market outcome. © 2007 Elsevier B.V. All rights reserved.en
dc.language.isoengen
dc.sourceInternational Journal of Industrial Organizationen
dc.subjectMarketingen
dc.subjectIndustrial managementen
dc.subjectInformation provisionen
dc.subjectInformation theoryen
dc.subjectIntermediariesen
dc.subjectKnowledge based systemsen
dc.subjectMiddlemenen
dc.subjectPublic policyen
dc.subjectTourism and travel industryen
dc.titleIntermediaries as quality assessors: Tour operators in the travel industryen
dc.typeinfo:eu-repo/semantics/article
dc.identifier.doi10.1016/j.ijindorg.2007.02.001
dc.description.volume26
dc.description.startingpage372
dc.description.endingpage392
dc.author.facultyΣχολή Οικονομικών Επιστημών και Διοίκησης / Faculty of Economics and Management
dc.author.departmentΤμήμα Οικονομικών / Department of Economics
dc.type.uhtypeArticleen
dc.contributor.orcidClerides, Sofronis [0000-0002-5054-8408]
dc.description.totalnumpages372-392
dc.gnosis.orcid0000-0002-5054-8408


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