全球智库信息集成服务系统(G2TT): Making friends with your neighbors? Agglomeration and tacit collusion in the lodging industry

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w16739
来源ID	Working Paper 16739
	Making friends with your neighbors? Agglomeration and tacit collusion in the lodging industry
	Li Gan; Manuel A. Hernandez
发表日期	2011-01-27
出版年	2011
语种	英语
摘要	Agglomeration is a location pattern frequently observed in service industries such as hotels. This paper empirically examines if agglomeration facilitates tacit collusion in the lodging industry using a quarterly dataset of hotels that operated in rural areas across Texas between 2003 and 2005. We jointly model a price and occupancy rate equation under a switching regression model to endogenously identify a collusive and non-collusive regime. The estimation results indicate that clustered hotels have a higher probability of being in the potential collusive regime than isolated properties in the same town. The identification of a collusive regime is also consistent with other factors considered to affect the sustainability of collusion like cluster size, seasonality and firm size, and the results are robust to alternative cluster definitions.
主题	Econometrics ; Estimation Methods ; Industrial Organization ; Market Structure and Firm Performance ; Antitrust
URL	https://www.nber.org/papers/w16739
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/574413
推荐引用方式 GB/T 7714	Li Gan,Manuel A. Hernandez. Making friends with your neighbors? Agglomeration and tacit collusion in the lodging industry. 2011.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w16739.pdf（368KB）	智库出版物		限制开放	CC BY-NC-SA	浏览