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Some implications of search and switching costs for the price dynamics of electronic markets

Pereira, Pedro - In: International Journal of the Economics of Business 11 (2004) 3, pp. 303-327

proportion of low search cost consumers increases. …

Persistent link: https://www.econbiz.de/10005437864

Intermodal and Intramodal Competition in Passenger Rail Transport

Ivaldi, Marc; Vibes, Catherine - C.E.P.R. Discussion Papers - 2005

The objective of the paper is to elaborate a simulation model to analyse inter and intra-modal competition in the transport industry, based on game theory models. In our setting, consumers choose a transport mode and an operator to travel on a given city-pair; operators strategically decide on...

Persistent link: https://www.econbiz.de/10005656264

Low-cost airlines and online price dispersion

Bachis, Enrico; Piga, Claudio A. - In: International Journal of Industrial Organization 29 (2011) 6, pp. 655-667

This paper presents a new form of online pricing tactic where airlines post, at the same time and for the same flight, fares in different currencies that violate the Law of One Price. Unexpectedly for an online market, price dispersion may be accompanied by a hidden discount that tends to...

Persistent link: https://www.econbiz.de/10010573860

Alliances in the Air: Some Worldwide Evidence

Gagnepain, Philippe; Uribe, Marín; Luis, Pedro - C.E.P.R. Discussion Papers - 2005

We consider an empirical model of worldwide airlines’ alliances that we apply to a large set of companies for the period 1995-2000, with special attention to US and EU carriers. From the estimation of a cost, capacity and demand system that accounts for cross-price elasticities, we attempt to...

Persistent link: https://www.econbiz.de/10005666444

Market size, structure, and access: Trade with capacity constraints

Soderbery, Anson - In: European Economic Review 70 (2014) C, pp. 276-298

This paper develops a model of international trade where firms are heterogeneous across capacity and productivity. A … markets with a flexible competitive structure giving rise to instances where trade and trade liberalization negatively impact …

Persistent link: https://www.econbiz.de/10010931001

Globalisation as a 'good times' phenomenon: A search-based explanation

Edwards, T. Huw - In: Economics - The Open-Access, Open-Assessment E-Journal 4 (2010), pp. 1-48

Globalisation is associated with long periods of sustained economic growth and credit expansion, whereas major … recessions tend to lead to falling trade and protectionism. The sensitivity of trade to global economic conditions is not simply … driven by policy: rather, in a model of costly search, firms who are engaged in a searching process are very sensitive to …

Persistent link: https://www.econbiz.de/10008534481

Product Market Competition and Economic Performance in Japan

Høj, Jens - 2004

Empirical work shows that competition is important for promoting economic growth. However, in Japan the promotion of competition has long been compromised by ministerial guidance and exemptions from the competition law. Thus, the level and growth of productivity have been low in many...

Persistent link: https://www.econbiz.de/10012444046

Internet Penetration and Capacity Utilization in the US Airline Industry

James D. Dana Jr.; Eugene Orlov Jr. - In: American Economic Journal: Microeconomics 6 (2014) 4, pp. 106-37

Airline capacity utilization increased dramatically between 1993 and 2007, after staying fairly level following deregulation. We argue that consumers' use of the Internet to investigate and purchase airline tickets reduces market frictions and allows airlines to meet demand with less capacity...

Persistent link: https://www.econbiz.de/10010949144

Is the Effect of Competition on Price Dispersion Nonmonotonic? Evidence from the U.S. Airline Industry

Dai, Mian; Liu, Qihong; Serfes, Konstantinos - In: The Review of Economics and Statistics 96 (2014) 1, pp. 161-170

We investigate the effect of competition on price dispersion in the airline industry. Using panel data from 1993 to 2008, we find a nonmonotonic effect of competition on price dispersion. An increase in competition is associated with greater price dispersion in concentrated markets but with less...

Persistent link: https://www.econbiz.de/10011009940

Open Skies: Estimating Travelers' Benefits from Free Trade in Airline Services

Winston, Clifford; Yan, Jia - In: American Economic Journal: Economic Policy 7 (2015) 2, pp. 370-414

The United States has negotiated bilateral open skies agreements to deregulate airline competition on US international routes, but little is known about their effects on travelers' welfare and the gains from the US negotiating agreements with more countries. We develop a model of international...

Persistent link: https://www.econbiz.de/10011268999

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