For citation:
Neverov A. N., Domov R. G. On the approaches to the theory of tourism and recreational services value on the domestic market. Journal Izvestiya of Saratov University. Economics. Management. Law, 2026, vol. 26, iss. 1, pp. 41-48. DOI: 10.18500/1994-2540-2026-26-1-41-48, EDN: CGQFIE
On the approaches to the theory of tourism and recreational services value on the domestic market
Introduction. Contemporary scientific and economic literature reveals a significant gap in the study of the essential component of the tourism and recreational services cost. Despite the emergence of a number of publications in leading foreign journals and publishing houses devoted to the development of the economic theory of tourism (The Economics of Tourism), the basis for research is primarily the macroeconomic level. Theoretical analysis. The concept of tourism and recreation indicates that the nature of demand for tourism and recreational services is formed by two possible requests from an economic agent: a) either to restore one’s own human potential; b) or to accumulate and develop one’s potential, i.e., personal development. In the first case, we are talking about the recreational aspect of the phenomenon, while in the second, it is one of the ways of investing in human capital. From the perspective of the labor theory of value, the essence of the need for a tourism and recreational service of a certain quality and content will be determined by the condition that the expenditure of a person’s free time on their consumption should strive to maximize compensation for the losses of their physical and intellectual resources during the previous period of professional activity. Results. The formal models presented in the main text of the article allow us to understand the basis of the tourist and recreational service consumer value as the realization of a certain amount of free time within the framework of the application of the key modern neoclassical theory of value and the theory of intertemporal choice.
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