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Refundability and Price: Empirical Analysis on the Airline Industry

Moon, Seongman; Watanabe, Makoto - Research Institute for Market Economy, Sogang University - 2011

This paper provides new evidence on price dispersion in the US airline industry. Using the observed fare differences between refundable and non-refundable tickets, we first document evidence on the prices passengers pay for a refund option. We find that the factors related to the value of refund...

Persistent link: https://www.econbiz.de/10009364407

Name-Your-Own-Price as a Competitive Distribution Channel in the Presence of Posted Prices

Huang, Xiao; Sosic, Greys - 2011

Priceline.com patents the innovative marketing strategy, Name-Your-Own-Price (NYOP), that sells opaque products through customer-driven pricing. In this paper, we study how competitive suppliers with sub- stitutable, non-replenishable goods may sell their products (1) as regular goods through a...

Persistent link: https://www.econbiz.de/10014202656

Measuring Conduct and Cost Parameters in the Spanish Airline Market

Fageda, Xavier - 2005

This paper develops a model of airline competition. The model is based on a demand and pricing equation system, which …

Persistent link: https://www.econbiz.de/10014061319

Product Line Competition : An Empirical Analysis of the Chinese Airline Industry

Liu, Qihong; Xie, Xin - 2023

dispersion. We introduce a flight-level competition measure and find it to be more effective than typical route-level competition … the effects of competition on price dispersion depend on the level it is measured at as well as the components. Ticket …

Persistent link: https://www.econbiz.de/10014345014

Double Marginalization and the Counter-Revolution Against Liberal Airline Competition

Horan, Hubert - 2011

towards international airline competition. While the policies of the 1980s and 90s were designed to maximize industry … have sought to reduce competition and entrench the position of the largest carriers. These policies have already led to the … large legacy airlines and government officials could dramatically restructure international airline competition in favor of …

Persistent link: https://www.econbiz.de/10014186900

Collude, Compete, or Both? Deregulation in the Norwegian Airline Industry.

Salvanes, K.G.; Steen, F.; Sorgard, L. - Norges Handelshøyskole (NHH) - 1998

The purpose of this paper is to test the nature of competition concerning price and capacity setting in the Norwegian … (competition), collude on prices and capacities (collusion) or collude on prices and compete on capacities (semicollusion)? We …

Persistent link: https://www.econbiz.de/10005671988

Measuring Competition Intensity; An Application to Air/HSR Transport Markets

Behrens, Christiaan; Leijsen, Mark - 2015

We develop a method to measure the intensity of competition between ﬁrms. Our method, which we call the Best Response …

Persistent link: https://www.econbiz.de/10011288424

Competition in the Presence of Individual Demand Uncertainty

Möller, Marc; Watanabe, Makoto - 2013

This paper sheds light on a recent empirical controversy about the effect of competition on price discrimination in … sales that is more skewed towards low prices. We show that whether competition has a positive or a negative effect on the …

Persistent link: https://www.econbiz.de/10010328323

Non-sequential search, competition and price dispersion in retail electricity

Gugler, Klaus; Heim, Sven; Liebensteiner, Mario - 2016

We investigate the impact of consumer search and competition on pricing strategies in Germany's electricity retail. We … inverted U-shape effect of competition on price dispersion, consistent with theoretical findings by Janssen and Moraga …

Persistent link: https://www.econbiz.de/10011447766

Competition in the presence of individual demand uncertainty

Möller, Marc; Watanabe, Makoto - 2013

Persistent link: https://www.econbiz.de/10010226097