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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP15767 |
DP15767 Dynamic Pricing with Uncertain Capacities | |
Maarten Janssen; Daniel Garcia; Radostina Shopova | |
发表日期 | 2021-02-05 |
出版年 | 2021 |
语种 | 英语 |
摘要 | In markets, such as those for airline tickets and hotel accommodations, firms sell time-dated products and have private information about unsold capacities. We show that competition under private information explains observed phenomena, such as increased price dispersion and higher expected prices towards the deadline, without making specific assumptions about demand. We also show that private information severely limits the market power of firms and that information exchange about capacity negatively affects consumers. Finally, we inquire into the incentives to unilaterally disclose information or to engage in espionage about rival's capacity and show that these activities are particularly harmful for consumers. |
主题 | Industrial Organization |
关键词 | Dynamic pricing Capacity constraints Asymmetric information Disclosure Industrial espionage |
URL | https://cepr.org/publications/dp15767-0 |
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/544768 |
推荐引用方式 GB/T 7714 | Maarten Janssen,Daniel Garcia,Radostina Shopova. DP15767 Dynamic Pricing with Uncertain Capacities. 2021. |
条目包含的文件 | 条目无相关文件。 |
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