全球智库信息集成服务系统(G2TT): DP14771 Price Parity Clauses for Hotel Room Booking: Empirical Evidence from Regulatory Change

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP14771
	DP14771 Price Parity Clauses for Hotel Room Booking: Empirical Evidence from Regulatory Change
	Sean Ennis; Marc Ivaldi; Vicente Lagos
发表日期	2020-05-16
出版年	2020
语种	英语
摘要	This paper examines the impact of most favored nation (MFN) clauses on retail prices, taking advantage of two natural experiments that changed vertical contracting between hotels and major digital platforms. The broad E.U. intervention narrowed the breadth of “price parity” obligations between hotels and major Online Travel Agencies (OTAs). Direct sales by hotels to customers subsequently became relatively cheaper. Comparisons with hotel pricing outside the E.U. confirm the reduction in prices for mid-level and luxury hotels. France and Germany went further and eliminated all price-parity agreements. This stronger intervention was associated solely with a significant additional price-reducing effect for mid-level hotels in Germany. Overall, wide MFNs are associated with higher retail prices. Regulating MFNs reduced prices with primary effects coming either from the narrow price-parity intervention or, perhaps, from direct sales becoming cheaper than OTAs in both E.U. and non-E.U. countries, and, interestingly, not from complete elimination of MFNs.
主题	Industrial Organization
关键词	Price parity clause Most favored nation Most favored customer Hotel industry Impact evaluation Online travel agency Digital platforms
URL	https://cepr.org/publications/dp14771
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/543699
推荐引用方式 GB/T 7714	Sean Ennis,Marc Ivaldi,Vicente Lagos. DP14771 Price Parity Clauses for Hotel Room Booking: Empirical Evidence from Regulatory Change. 2020.