SERVICE TIME COMPETITION

被引:42
作者
PNG, IPL
REITMAN, D
机构
[1] UNIV CALIF LOS ANGELES,LOS ANGELES,CA 90024
[2] OHIO STATE UNIV,COLUMBUS,OH 43210
关键词
D O I
10.2307/2555978
中图分类号
F [经济];
学科分类号
02 ;
摘要
How can two physically identical gasoline stations differentiate themselves? In this article we develop and test a model of service time competition: some stations set higher prices and thereby offer shorter queues, whereas other offer lower price and longer queues. We find that retail demand is sensitive to service time: customers are, on average, willing to pay about 1% more for a 6% reduction in congestion. Consistent with the service time hypothesis, prices are more dispersed at stations facing more direct competition.
引用
收藏
页码:619 / 634
页数:16
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