We focus on the question of why firms self-regulate to avoid more severe public regulation in the area of antitrust compliance. We distinguish the effects of an antitrust authority's outreach and enforcement on firms' adoption of antitrust compliance programs. Furthermore, we examine the...

This paper investigates the impacts of Airbnb on hotel demand and the price and non-price response strategies of incumbent hotels to Airbnb. We constructed a unique data set of tourist hotels and Airbnb listings before and after the entry of Airbnb in Taiwan. We found that the entry of Airbnb...