| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15506 |
| DP15506 The Welfare Effects of Early Termination Fees in the US Wireless Industry | |
| Joseph Cullen; Nicolas Schutz; Oleksandr Shcherbakov | |
| 发表日期 | 2020-11-30 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We develop and estimate a dynamic structural model of the US wireless industry. The demand model features two sources of dynamics: First, consumers that switch contracts must pay early termination fees to their current wireless service provider; second, handsets are durable. Consumers and wireless carriers are forward-looking and, in contrast to previous work, have perfect foresight over the evolution of the industry. Carriers compete using open-loop strategies. Counterfactual simulations reveal that the elimination of early termination fees, despite raising equilibrium prices, unambiguously benefits consumers. Firms may benefit as well provided the cost of processing early termination fees is high enough. |
| 主题 | Industrial Organization |
| 关键词 | Switching costs Perfect foresight Structural estimation Dynamics |
| URL | https://cepr.org/publications/dp15506 |
| 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/544507 |
| 推荐引用方式 GB/T 7714 | Joseph Cullen,Nicolas Schutz,Oleksandr Shcherbakov. DP15506 The Welfare Effects of Early Termination Fees in the US Wireless Industry. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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