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Market liberalization: Price dispersion, price discrimination and consumer search in the German electricity markets
Gugler, Klaus; Heim, Sven; Janssen, Maarten C. W.; … - 2018
We study how consumer search affects pricing in markets with incumbents and entrants using panel data on German … electricity retail markets. Consumers observe the baseline price of the incumbent and decide whether or not to search. Incumbent … baseline rate while entrants decrease their tariffs if consumer search increases. Moreover, the incumbent price discriminates …
Persistent link: https://www.econbiz.de/10011917544
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Non-sequential search, competition and price dispersion in retail electricity
Gugler, Klaus; Heim, Sven; Liebensteiner, Mario - 2016
We investigate the impact of consumer search and competition on pricing strategies in Germany's electricity retail. We … utilize a unique panel dataset on spatially varying search requests at major online price comparison websites to construct a … direct measure of search intensity and combine this information with zip code level data on electricity tariffs between 2011 …
Persistent link: https://www.econbiz.de/10011447766
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Non-sequential search, competition and price dispersion in retail electricity
Gugler, Klaus; Heim, Sven; Liebensteiner, Mario - 2016
We investigate the impact of consumer search and competition on pricing strategies in Germany’s electricity retail. We … utilize a unique panel dataset on spatially varying search requests at major online price comparison websites to construct a … direct measure of search intensity and combine this information with zip code level data on electricity tariffs between 2011 …
Persistent link: https://www.econbiz.de/10011446819
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Market liberalization : price dispersion, price discrimination and consumer search in the German electricity markets
Gugler, Klaus; Heim, Sven; Janssen, Maarten C. W.; … - 2018
We study how consumer search affects pricing in markets with incumbents and entrants using panel data on German … electricity retail markets. Consumers observe the baseline price of the incumbent and decide whether or not to search. Incumbent … baseline rate while entrants decrease their tariffs if consumer search increases. Moreover, the incumbent price discriminates …
Persistent link: https://www.econbiz.de/10011916675
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Domestic Market Power in the International Airline Industry
de Jong, G.; Behrens, C.L.; van Herk, H.; Verhoef, E.T. - 2013
We posit and empirically test the hypothesis that airlines are able to charge a fare premium in markets that originate in their domestic country relative to similar markets that originate in foreign countries. To this end, we focus on intercontinental one-stop air travel trips for which the...
Persistent link: https://www.econbiz.de/10011586734
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Airline Pricing Behaviour Under Limited Intermodal Competition
Bergantino, Angela Stefania - 2012
This paper explores airline pricing behaviour dealing with two issues. The first is to measure the extent to which intramodal competition influences fares charged to travellers. The second is to shed light on fares' intertemporal profile to verify if airlines undertake intertemporal price...
Persistent link: https://www.econbiz.de/10013097983
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Pricing Strategies by European Traditional and Low Cost Airlines : Or, When is it the Best Time to Book on Line?
Piga, Claudio A. - 2008
It is often assumed that the airlines' fares increase monotonically over time, peaking a few days before the departure. Using fares for about 650 thousand flights operated by both Low-Cost and Full Service Carriers, we show several instances in which the monotonic property does not hold. We also...
Persistent link: https://www.econbiz.de/10012727004
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Moral Hazard and Customer Loyalty Programs
Basso, Leonardo J. - 2008
Frequent flier plans (FFPs) may be the most famous of customer loyalty programs and plans created on the FFP model are now offered by sellers in a number of other industries. We present a theory of FFPs that models them as efforts to take advantage of the agency relationship between employers -...
Persistent link: https://www.econbiz.de/10012727033
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Perishable Good Dynamic Pricing Under Competition : An Empirical Study in the Airline Markets
Chen, Nan - 2019
Dynamic pricing is increasingly popular in the perishable good markets, but its effect under competition is uncertain due to the potential for the prisoner's dilemma. I study profit and welfare implications of dynamic pricing techniques in a competitive setting. I construct a structural dynamic...
Persistent link: https://www.econbiz.de/10012898558
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Does Competition Increase Quality? Evidence from the US Airline Industry
Gil, Ricard - 2016
In this paper we study the impact of competition on the provision of quality in the US airline industry. Using changes in competition triggered by LCC entry and airline mergers, we find that an increase in competition increases the provision of quality of major incumbent and non-merging airlines...
Persistent link: https://www.econbiz.de/10013004573