We investigate the pricing behaviour of firms facing date-specific demand shocks, by focussing on Parisian hotels during a big event, the 2016 European Football Cup. Using a unique dataset, we document an initial propensity to set the same price for rooms on different match dates, although...

This paper analyses the dynamics of hotel prices listed on Booking.com in the period 2014-16. This period is characterised by the most important antitrust decisions regarding the use of price parity clauses by online travel agencies (OTAs) in the EU. First, we document the dynamics of hotel...

Using data from about seven millions room postings by hotels in France and the UK, we document that, rather than smoothly decreasing to zero, cancellation premia remain positive at roughly 10% to 15% of the full price until two days before the stay. A model where travelers have different...