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Application of Game Theory in Tourism
Journal article   Peer reviewed

Application of Game Theory in Tourism

Xuan Tran and Carla Thompson
Tourism analysis, Vol.20(6), pp.697-702
01/01/2015
DOI: https://doi.org/10.3727/108354215X14464845878192
Web of Science ID: WOS:000375115400011

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7 Times Cited - Web of Science

Abstract

Although tourism development in Northeast Asia is growing increasingly competitive, there has been limited research focused on applying game theory to analyze the competition between tourist country destinations. Game theory involves the study of conflict and cooperation applied whenever the actions of the involved agents are interdependent. This study utilized game theory to examine characteristics between China and Japan relative to tourism in Northeast Asia destinations. The game theory components were analyzed for Japan, China, and Northeast Asia to create a benchmark for future tourism policy. Findings indicate: (1) the best responses for China and Japan to boost their economies by engaging in tourism development, (2) Japan has a dominant strategy but China does not in their tourism competition, and (3) both China and Japan include the Nash equilibrium strategy when they engage in tourism development.

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