Showing 1 - 10 of 110
A carbon tax has been widely discussed as a way of reducing fossil fuel use and mitigating climate change, generally in a static framework. Unlike standard goods that can be produced, oil is an exhaustible resource. Parts of its price reflects scarcity rents, i.e., the fact that there is limited...
Persistent link: https://www.econbiz.de/10012480033
have been associated with more, but smaller, hotels in business travel destinations. In contrast, the growth in the number … of hotels is much smaller, and the growth in average hotel size is much greater, in personal travel destinations. We … provide evidence that this change reflects the emergence of two new classes of hotels - limited service and all-suites hotels …
Persistent link: https://www.econbiz.de/10012480523
Using data from about seven millions room postings by hotels in France and the UK, we document that, rather than …
Persistent link: https://www.econbiz.de/10012482673
Agglomeration is a location pattern frequently observed in service industries such as hotels. This paper empirically … examines if agglomeration facilitates tacit collusion in the lodging industry using a quarterly dataset of hotels that operated … hotels have a higher probability of being in the potential collusive regime than isolated properties in the same town. The …
Persistent link: https://www.econbiz.de/10012461919
Using a sample of highly (over-)leveraged Austrian ski hotels undergoing debt restructurings, we show that reducing a … the absence of strategic default, thus allowing to distinguish between ski hotels that are in distress due to negative … demand shocks ("liquidity defaulters") and ski hotels that are in distress due to debt overhang ("strategic defaulters") …
Persistent link: https://www.econbiz.de/10012462160
Amenities such as good food, attentive staff, and pleasant surroundings may play an important role in hospital demand. We use a marketing survey to measure amenities at hospitals in greater Los Angeles and analyze the choice behavior of Medicare pneumonia patients in this market. We find that...
Persistent link: https://www.econbiz.de/10012464028
Standard economic models that guide competition policy imply that demand increases should lead to more, not fewer firms. However, Sutton's (1991) model illustrates that in some cases, demand increases can catalyze competitive responses that bring about shake-outs. This paper provides empirical...
Persistent link: https://www.econbiz.de/10012455043
's hotels achieved much greater energy efficiency progress than hotels in other states …
Persistent link: https://www.econbiz.de/10012456760
We show that oil production from existing wells in Texas does not respond to price incentives. Drilling activity and costs, however, do respond strongly to prices. To explain these facts, we reformulate Hotelling's (1931) classic model of exhaustible resource extraction as a drilling problem:...
Persistent link: https://www.econbiz.de/10012458386
between TripAdvisor and Expedia. We exploit the characteristics of a hotel's neighbor. We show that hotels with a nearby … promotional reviewing are likely to be highest for independent hotels that are owned by single-unit owners and lowest for branded … chain hotels that are owned by multi-unit owners. Our methodology thus isolates hotels with a disproportionate incentive to …
Persistent link: https://www.econbiz.de/10012460324