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Market liberalization : price dispersion, price discrimination and consumer search in the German electricity markets
Gugler, Klaus; Heim, Sven; Janssen, Maarten C. W.; … - 2018
We study how consumer search affects pricing in markets with incumbents and entrants using panel data on German … electricity retail markets. Consumers observe the baseline price of the incumbent and decide whether or not to search. Incumbent … baseline rate while entrants decrease their tariffs if consumer search increases. Moreover, the incumbent price discriminates …
Persistent link: https://www.econbiz.de/10011916675
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Moral Hazard and Customer Loyalty Programs
Basso, Leonardo J. - 2008
Frequent flier plans (FFPs) may be the most famous of customer loyalty programs and plans created on the FFP model are now offered by sellers in a number of other industries. We present a theory of FFPs that models them as efforts to take advantage of the agency relationship between employers -...
Persistent link: https://www.econbiz.de/10012727033
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Perishable Good Dynamic Pricing Under Competition : An Empirical Study in the Airline Markets
Chen, Nan - 2019
Dynamic pricing is increasingly popular in the perishable good markets, but its effect under competition is uncertain due to the potential for the prisoner's dilemma. I study profit and welfare implications of dynamic pricing techniques in a competitive setting. I construct a structural dynamic...
Persistent link: https://www.econbiz.de/10012898558
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Consequences of Dynamic Pricing in Competitive Airline Markets
Chen, Nan; Jeziorski, Przemyslaw - 2022
Dynamic pricing is a common tool to maximize sales in markets for perishable goods with limited capacity and stochastic demand. We look at the relationship between dynamic pricing and oligopolistic competition in the airline industry. For this purpose, we estimate the dynamic oligopoly model of...
Persistent link: https://www.econbiz.de/10014235549
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Empirical Analysis of the Codeshare Effect on Airline Market Competition and Product Quality
Ko, Ryuya; Ohashi, Hiroshi - 2022
This paper examines the economic consequences of code-sharing agreements (CSA) in the airline market. CSA can be viewed as a vertical contract between airlines, which sometimes co-own the code-shared flights. Our structural model aims to understand how and to what extent CSA distorts market...
Persistent link: https://www.econbiz.de/10014077048
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Dynamic oligopoly pricing : evidence from the airline industry
Siegert, Caspar; Ulbricht, Robert - 2014
We explore how pricing dynamics in the European airline industry vary with the competitive environment. Our results highlight substantial variations in pricing dynamics that are consistent with a theory of intertemporal price discrimination. First, the rate at which prices increase towards the...
Persistent link: https://www.econbiz.de/10010358240
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Price Discrimination in International Airline Markets
Aryal, Gaurab - 2018
We develop a model of inter-temporal and intra-temporal price discrimination by airlines to study the ability of different discriminatory mechanisms to remove sources of inefficiency and the associated distributional implications. To estimate the model's multi-dimensional distribution of...
Persistent link: https://www.econbiz.de/10012907654
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International Airline Codesharing and Consumer Choice Behavior : Misconceptions vs. Quality Signals
Jong, Gerben de - 2018
We examine the impact of airline codesharing on consumer choice behavior in non-stop international route markets. Using stated preference data, we document that consumer valuation of flights by alien foreign carriers is significantly higher if these flights are offered as codeshare products by...
Persistent link: https://www.econbiz.de/10012909091
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The Economics of Bankruptcy : An Introduction to the Literature
Morrison, Edward R. - 2016
This essay surveys important contributions to the economics of bankruptcy. It is an introductory chapter for a forthcoming volume (from Edward Elgar Press) that compiles the work of legal scholars as well as economists working in the field of corporate finance. The essay begins with the...
Persistent link: https://www.econbiz.de/10013008997
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Potential Sources of Value from Mergers and Their Indicators
Schilling, Melissa A. - 2018
Firms engage in mergers for many reasons, some of which create value for both the firm's shareholders and society, some that create value only for the firm's shareholders, and some that fail even to do that. A considerable body of research concludes that most mergers do not create value for...
Persistent link: https://www.econbiz.de/10012920666