We study markdown timing decisions for perishable products in the presence of competition. We model as a duopoly two firms selling their fixed stocks of two substitutable items in a given selling horizon. Each firm starts with a common initial price, and has the option to decrease the price once...

This paper develops an empirical model of online airfare determinants to inspect the impact of the entry of a low-cost carrier (LCC). In particular, we investigate whether the increased competition from a recently established LCC induces major carriers to respond in two competitive dimensions:...