Industry Structure, Segmentation, and Quality Competition in the US Hotel Industry

被引:3
作者
Butters, R. Andrew [1 ]
Hubbard, Thomas N. N. [2 ,3 ]
机构
[1] Indiana Univ, Kelley Sch Business, Bloomington, IN 47405 USA
[2] Northwestern Univ, Kellogg Sch Management, Evanston, IL USA
[3] NBER, Evanston, IL USA
关键词
MONOPOLISTIC COMPETITION; PRICE;
D O I
10.1111/joie.12330
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
We examine how quality competition affects the relationship between market size and industry structure at the product level using evidence from the U.S. hotel industry. Starting in the early 1980s, quality competition for business travelers became more based on variable and less on fixed costs, and became less scale intensive. Since then, market size increases have been met by more, but smaller, hotels in business travel destinations but continued to be met by larger hotels in personal travel destinations. Our results illustrate how the way consumers benefit from increases in market size depends on how firms compete.
引用
收藏
页码:491 / 537
页数:47
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