G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w28456
来源IDWorking Paper 28456
Sticky Price for Declining Risk? The Case of Cancellation Premia in the Hotel Industry
Nicola Lacetera; Claudio A. Piga; Lorenzo Zirulia
发表日期2021-02-15
出版年2021
语种英语
摘要Using data from about seven millions room postings by hotels in France and the UK, we document that, rather than smoothly decreasing to zero, cancellation premia remain positive at roughly 10% to 15% of the full price until two days before the stay. A model where travelers have different willingness to pay and some overestimate the probability to cancel their trip explains this price-setting mode more consistently than alternative interpretations. We denote these strategies as a form of naivet�-based price discrimination. We use our model also to identify conditions under which these strategies are exploitative of certain consumers, or are welfare-enhancing instead.
主题Microeconomics ; Households and Firms ; Behavioral Economics ; Industrial Organization ; Market Structure and Firm Performance ; Industry Studies
URLhttps://www.nber.org/papers/w28456
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/586130
推荐引用方式
GB/T 7714
Nicola Lacetera,Claudio A. Piga,Lorenzo Zirulia. Sticky Price for Declining Risk? The Case of Cancellation Premia in the Hotel Industry. 2021.
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
w28456.pdf(656KB)智库出版物 限制开放CC BY-NC-SA浏览
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Nicola Lacetera]的文章
[Claudio A. Piga]的文章
[Lorenzo Zirulia]的文章
百度学术
百度学术中相似的文章
[Nicola Lacetera]的文章
[Claudio A. Piga]的文章
[Lorenzo Zirulia]的文章
必应学术
必应学术中相似的文章
[Nicola Lacetera]的文章
[Claudio A. Piga]的文章
[Lorenzo Zirulia]的文章
相关权益政策
暂无数据
收藏/分享
文件名: w28456.pdf
格式: Adobe PDF
此文件暂不支持浏览

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。