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Dynamic Price Competition : Theory and Evidence from Airline Markets
Hortaçsu, Ali; Oery, Aniko; Williams, Kevin R. - National Bureau of Economic Research - 2022
We introduce a model of oligopoly dynamic pricing where firms with limited capacity face a sales deadline. We establish … comprehensive pricing and bookings data for competing U.S. airlines, we estimate our model and find that dynamic pricing results in … results in single-firm settings due to the strategic role of competitor scarcity. Pricing heuristics commonly used by airlines …
Persistent link: https://www.econbiz.de/10013362001
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Misinformation and Mistrust : The Equilibrium Effects of Fake Reviews on Amazon.com
Gandhi, Ashvin; Hollenbeck, Brett; Li, Zhijian - National Bureau of Economic Research - 2025
Fake product reviews--and the manipulation of reputation systems by sellers more broadly--are a widespread issue for two-sided platforms. We study two primary channels through which such manipulation can affect market outcomes: (i) creating misinformation about the reviewed product, and (ii)...
Persistent link: https://www.econbiz.de/10015450916
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Discrete-Choice Models and Representative Consumer Theory
Dubé, Jean-Pierre H.; Joo, Joonhwi; Kim, Kyeongbae - National Bureau of Economic Research - 2022
We establish the Hurwicz-Uzawa integrability of the broad class of discrete-choice additive random-utility models of individual consumer behavior with perfect substitutes preferences and divisible goods. We derive the corresponding indirect uility function and then establish a representative...
Persistent link: https://www.econbiz.de/10013334349
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Hopping on an Earlier Flight : Optimal Waiting with Multiple Flights
Gans, Joshua - National Bureau of Economic Research - 2025
guidelines for airlines designing standby policies and for travellers making departure decisions …
Persistent link: https://www.econbiz.de/10015450924
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Trade-ins and Transaction Costs in the Market for Used Business Jets
Hodgson, Charles - National Bureau of Economic Research - 2022
Manufacturers of durable goods can encourage consumers facing transaction costs to upgrade by accepting used units as trade-ins. These "buyback schemes" increase demand for new units, but increase the supply of used units if trade-ins are resold. In this paper, I investigate the equilibrium...
Persistent link: https://www.econbiz.de/10013388853
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An Economic View of Corporate Social Impact
Allcott, Hunt; Montanari, Giovanni; Ozaltun, Bora; Tan, … - National Bureau of Economic Research - 2023
The growing discussions of impact investing and stakeholder capitalism have increased interest in measuring companies' social impact. We conceptualize corporate social impact as the welfare loss that would be caused by a firm's exit. To illustrate, we quantify the social impacts of 74 firms in...
Persistent link: https://www.econbiz.de/10014421228
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Network Competition in the Airline Industry : An Empirical Framework
Yuan, Zhe; Barwick, Panle Jia - National Bureau of Economic Research - 2024
literature to introduce an empirical framework for analyzing network competition among airlines. Airlines make market entry …-preference argument, and employs a state-of-the-art econometric method to conduct inference for entry cost parameters. Ignoring network … externality underestimates the benefits of operating an additional flight by 13.2%, and airlines would schedule 21.53% fewer one …
Persistent link: https://www.econbiz.de/10015056219
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Who Benefits From The Export-Import Bank Aid?
Benmelech, Efraim; Monteiro, Joao - National Bureau of Economic Research - 2023
constrained airlines or by airlines operating in countries with underdeveloped financial systems. We show that airlines in …
Persistent link: https://www.econbiz.de/10014337795
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Measuring Markets for Network Goods
Bursztyn, Leonardo; Gentzkow, Matthew Aaron; Jiménez … - National Bureau of Economic Research - 2025
substitution patterns depend on changes in network size. To address this challenge, we conduct an incentivized experiment to …
Persistent link: https://www.econbiz.de/10015421849
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Common Ownership Around the World
Antón, Miguel; Ederer, Florian; Giné, Mireia; … - National Bureau of Economic Research - 2025
We study common ownership in 49 countries from 2005 to 2019 and show that it is pervasive and rising around the world. However, despite this global growth, common ownership is still considerably lower in all countries compared to the United States. It is particularly high and growing rapidly...
Persistent link: https://www.econbiz.de/10015421916