La rendibilitat de les estacions catalanes d'esquí alpí
This thesis aims to demonstrate that there are two different models for dealing with the possibility of investing in Alpine ski resorts.
The first of these two models falls short because it fails to respect the principle of joint production (Samuelson).
The second model assumes that Alpine skiing is not an activity isolated from its surroundings and the sum of features/facilities that give it life.
The thesis reaches the conclusion that the Alpine skiing sector in Catalonia is a clear example of the duality between social and private profitability.
In light of the conceptual statements and the numerical data that this thesis presents, and the data contributed by the models of Thiébout and Mirrlees, we are necessarily led to assessing the profitability of ski resorts through the social discount rate, obtaining in this way the conclusions of the second part of the thesis. In terms of private initiative, the running of ski resorts is not profitable as is also shown by the balance sheet and income statement ratios. These indicators without the aid of other types of income would give extremely low returns or losses.
This work could be a further contribution towards understanding the private investment possibilities in ski resorts and, in terms of governmental action, it reveals the enormous significance of the issue in terms of the social profitability that it implies.
Advisor:Tornabell Carrió, Robert
School:Universitat Rovira i Virgili
Source Type:Master's Thesis
Keywords:esade bs màrqueting operacions i finances
Date of Publication:05/30/2007