Competition and price dispersion: evidence from airline and high-speed rail competition in China

被引：0
|
作者：
Du, Zaichao [1 ]
Li, Han
Wei, Feng
Zhang, Lan
机构：
[1] Fudan Univ, Sch Econ, 600 Guoquan Rd, Shanghai 200433, Peoples R China
来源：
INDUSTRIAL AND CORPORATE CHANGE | 2024年 / 33卷 / 03期
基金：
中国国家自然科学基金;
关键词：
DEMAND UNCERTAINTY; AVERAGE PRICES; MARKET; DISCRIMINATION; INFORMATION; REGRESSION; SEARCH; INTERNET; TRAVEL; GUIDE;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The introduction of the Beijing-Shanghai high-speed rail (Launch) and the Wenzhou bullet-train collision (Crash) in China provided a unique occasion to study the effect of competition on price dispersion. Results show that price dispersion increased by about 48% after the Launch, as airlines offered greater discounts to price-elastic consumers than to price-inelastic consumers. By contrast, price dispersion decreased by about 55% after the Crash, as airlines raised prices more for price-elastic consumers than for price-inelastic consumers.
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页数：20
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