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Competition and Price Dispersion in the U.S. Airline Industry

Borenstein, Severin - 1991

This papers analyzes dispersion in the prices that an airline charges to different customers on the same route. Such variation in airlines fares is substantial: the expected absolute difference in fares between two of an airline's passengers on a route averages thirty-six percent of the...

Persistent link: https://www.econbiz.de/10012475215

Endogenous Horizontal Product Differentiation under Bertrand and Cournot Competition : Revisiting the Bertrand Paradox

Brander, James A. - 2015

This paper provides a new and simple model of endogenous horizontal product differentiation based on a standard demand structure derived from quadratic utility. One objective of the paper is to explain the "empirical Bertrand paradox" - the failure to observe homogeneous product Bertrand...

Persistent link: https://www.econbiz.de/10012457700

International Shocks and Domestic Prices : How Large Are Strategic Complementarities?

Amiti, Mary - 2016

How strong are strategic complementarities in price setting across firms? In this paper, we provide a direct empirical estimate of firm price responses to changes in prices of their competitors. We develop a general framework and an empirical identification strategy to estimate the elasticities...

Persistent link: https://www.econbiz.de/10012456555

Sticky Prices, Coordination and Collusion

Driscoll, John C. - 1999

New Keynesian models of price setting under monopolistic competition involve two kinds of inefficiency: the price level … asymmetric. Implications for the welfare cost of fluctuations also differ from the standard monopolistic competition case …

Persistent link: https://www.econbiz.de/10012471622

Pricing Strategy and Financial Policy

Dasgupta, Sudipto - 1996

Recent empirical evidence indicates that capital structure changes affect pricing strategies. In most cases, prices increase following the implementation of a leveraged buyout of a major firm in an industry, with the more levered firm charging higher prices on average. Notable exceptions exist...

Persistent link: https://www.econbiz.de/10012473361

Assessing the Anticompetitive Effects of Multiproduct Pricing

Carlton, Dennis W. - 2008

In response to the "standardless" approach used in LePage's v. 3M, the Antitrust Modernization Commission (AMC) and others advocate using a discount allocation approach to assess whether bundled loyalty discounts violate Section 2 of the Sherman Act. This approach treats loyalty discounts like...

Persistent link: https://www.econbiz.de/10012464448

On the Efficiency of Competitive Electricity Markets With Time-Invariant Retail Prices

Borenstein, Severin - 2003

The standard economic model of efficient competitive markets relies on the ability of sellers to charge prices that vary as their costs change. Yet, there is no restructured electricity market in which most retail customers can be charged realtime prices (RTP), prices that can change as...

Persistent link: https://www.econbiz.de/10012468774

Exclusionary Minimum Resale Price Maintenance

Asker, John - 2010

incumbent manufacturer transfer profits to retailers. If entry is accommodated, upstream competition leads to fierce down …- stream competition and the breakdown of RPM. Hence, via RPM, retailers internalize the effect of accommodating entry on the … effect of a retailer cartel. We also consider the effect of imperfect competition. Empirical and policy implications are …

Persistent link: https://www.econbiz.de/10012462093

Competitive Price Targeting with Smartphone Coupons

Dubé, Jean-Pierre H. - 2016

We conduct a large-scale field experiment to study competitive price discrimination in a duopoly market with two rival … their own prices and do not consider the competitive response of a rival. In our study of movie theaters, competition … offers a discount in the other rival's local market, toughening price competition. In contrast, under behavioral targeting …

Persistent link: https://www.econbiz.de/10012456607

Empirical Models of Demand and Supply in Differentiated Products Industries

Gandhi, Amit; Nevo, Aviv - National Bureau of Economic Research - 2021

This is an invited chapter for the forthcoming Volume 4 of the Handbook of Industrial Organization. We present empirical models of demand and supply in differentiated products industries with an emphasis on the key ideas arising from the recent applied literature. We start with a discussion of...

Persistent link: https://www.econbiz.de/10012629477

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