. Equilibrium price dispersion is derived in a setting with costly capacity and demand uncertainty where different fares can be … find evidence that strongly supports both predictions of the models. After controlling for the effect of aggregate demand …

. Equilibrium price dispersion is derived in a setting with costly capacity and demand uncertainty where different fares can be … find evidence that strongly supports both predictions of the models. After controlling for the effect of aggregate demand …

. Equilibrium price dispersion is derived in a setting with costly capacity and demand uncertainty where different fares can be … find evidence that strongly supports both predictions of the models. After controlling for the effect of aggregate demand …

explicitly helps to reconcile theory with the data: a Calvo model with sales quantitatively matches both the negative comovement …