| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28456 |
| 来源ID | Working 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 |
| URL | https://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 | ||
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