On the Sale of Package Tours to Infinitely Many Possible Types of Tourists

Alao and Batabyal (2013) have recently used contract theory to study the sale of package tours to tourists when the tourists can be of two possible types. In this note, we first generalize their analysis by studying the case in which the tourists can be of infinitely many types. Next, we compare our results with those obtained by Alao and Batabyal. Finally, we conclude and then discuss extensions of this note's research. Copyright © 2013 John Wiley & Sons, Ltd.