| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w30347 |
| 来源ID | Working Paper 30347 |
| Dynamic Price Competition: Theory and Evidence from Airline Markets | |
| Ali Hortaçsu; Aniko Oery; Kevin R. Williams | |
| 发表日期 | 2022-08-15 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | We introduce a model of oligopoly dynamic pricing where firms with limited capacity face a sales deadline. We establish conditions under which the equilibrium is unique and converges to a system of differential equations. Using unique and comprehensive pricing and bookings data for competing U.S. airlines, we estimate our model and find that dynamic pricing results in higher output but lower welfare than under uniform pricing. Our theoretical and empirical findings run counter to standard results in single-firm settings due to the strategic role of competitor scarcity. Pricing heuristics commonly used by airlines increase welfare relative to estimated equilibrium predictions. |
| 主题 | Microeconomics ; Game Theory ; Households and Firms ; Market Structure and Distribution ; Welfare and Collective Choice ; Industrial Organization ; Market Structure and Firm Performance ; Industry Studies |
| URL | https://www.nber.org/papers/w30347 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/588020 |
| 推荐引用方式 GB/T 7714 | Ali Hortaçsu,Aniko Oery,Kevin R. Williams. Dynamic Price Competition: Theory and Evidence from Airline Markets. 2022. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w30347.pdf（1183KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
