IS THE EFFECT OF COMPETITION ON PRICE DISPERSION NONMONOTONIC? EVIDENCE FROM THE US AIRLINE INDUSTRY

被引：65
作者：
Dai, Mian [1 ]
Liu, Qihong [2 ]
Serfes, Konstantinos [1 ]
机构：
[1] Drexel Univ, Philadelphia, PA 19104 USA
[2] Univ Oklahoma, Norman, OK 73019 USA
来源：
REVIEW OF ECONOMICS AND STATISTICS | 2014年 / 96卷 / 01期
关键词：
DISCRIMINATION; MARKET;
D O I：
10.1162/REST_a_00362
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We investigate the effect of competition on price dispersion in the airline industry. Using panel data from 1993 to 2008, we find a nonmonotonic effect of competition on price dispersion. An increase in competition is associated with greater price dispersion in concentrated markets but with less price dispersion in competitive markets-an inverse-U relationship. Our empirical findings are consistent with an oligopolistic second-degree price discrimination model and encompass contradictory findings in the literature.
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页码：161 / 170
页数：10
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