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A Dynamic Oligopoly Game of the US Airline Industry: Estimation and Policy Experiments
Aguirregabiria, Victor; Ho, Chun-Yu - Volkswirtschaftliche Fakultät, … - 2009
in the US airline industry. Our results are based on the estimation of a dynamic oligopoly game of network competition …
Persistent link: https://www.econbiz.de/10005037744
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Equilibrium price dispersion with heterogeneous searchers
Chen, Yongmin; Zhang, Tianle - Volkswirtschaftliche Fakultät, … - 2009
Firms simultaneously set prices in a homogeneous-product market where uninformed consumers search for price information. Some uninformed consumers are local searchers who visit only one seller, possibly due to high search costs or bounded rationality; whereas others search sequentially with an...
Persistent link: https://www.econbiz.de/10005087521
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Ordered Search in Differentiated Markets
Zhou, Jidong - Volkswirtschaftliche Fakultät, … - 2009
This paper presents an ordered search model in which consumers search both for price and product fitness. We show that there is price dispersion in equilibrium and prices rise in the order of search. The top firms in consumer search order, though charge lower prices, earn higher profits due to...
Persistent link: https://www.econbiz.de/10005835607
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Price Dispersion and Accessibility: A Case study of Fast Food
Stewart, Hayden; Davis, David E. - Volkswirtschaftliche Fakultät, … - 2005
of spatial competition. The results of this study are easily interpreted and compared with a past analysis. We find that …
Persistent link: https://www.econbiz.de/10005836339
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Price Competition and Consumer Confusion
Chioveanu, Ioana; Zhou, Jidong - Volkswirtschaftliche Fakultät, … - 2009
This paper proposes a model in which identical sellers of a homogenous product compete in both prices and price frames (i.e., ways to present price information). We model price framing by assuming that firms’ frame choices affect the comparability of their price offers: consumers may fail to...
Persistent link: https://www.econbiz.de/10005089340
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Dynamic Price Dispersion in a Bertrand-Edgeworth Model
Sun, Ching-jen - Volkswirtschaftliche Fakultät, … - 2005
This paper considers a dynamic model of price competition in which sellers are endowed with one unit of the good and …
Persistent link: https://www.econbiz.de/10005619434
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Price Dispersion and Accessibility: A Case study of Fast Food
Stewart, Hayden; Davis, David E. - Volkswirtschaftliche Fakultät, … - 2005
of spatial competition. The results of this study are easily interpreted and compared with a past analysis. We find that …
Persistent link: https://www.econbiz.de/10005621556
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Evolutionary Model of the Personal Income Distribution
Kaldasch, Joachim - Volkswirtschaftliche Fakultät, … - 2012
distribution. The theory suggests that in a free market competition between products is ultimately the origin of the uneven income …
Persistent link: https://www.econbiz.de/10011260210
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Competition and the signaling role of prices
Adriani, Fabrizio; Deidda, Luca - Volkswirtschaftliche Fakultät, … - 2008
offer. We study how the strength of competition among sellers affects the ability of sellers of high quality goods to … strategic price setting sellers and a large number of buyers. When competition among sellers is weak high quality sellers are … able to use prices as a signaling device and this enables them to trade. By contrast, strong competition among sellers …
Persistent link: https://www.econbiz.de/10005040696
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Demand shifting across flights and airports in a spatial competition model
Escobari, Diego; Lee, Sang-Yeob - Volkswirtschaftliche Fakultät, … - 2012
This paper investigates the nature of day-to-day competition between flights using a unique panel data set on prices …
Persistent link: https://www.econbiz.de/10011114186