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

被引：66

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.

引用

页码：161 / 170

页数：10

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