Journal article
Can mergers increase output? Evidence from the lodging industry
The Rand journal of economics, Vol.48(1), pp.178-202
03/22/2017
DOI: 10.1111/1756-2171.12172
Abstract
We find that hotel mergers increase occupancy. In some specifications, price also rises. Because these effects occur only in markets with high capacity utilization and high uncertainty, we reject simple models of price or quantity competition in favor of models of "revenue management," where firms price to fill available capacity in the face of uncertain demand.
Details
- Title: Subtitle
- Can mergers increase output? Evidence from the lodging industry
- Creators
- Arturs Kalnins - Cornell UniversityLuke Froeb - Vanderbilt UniversitySteven Tschantz - Vanderbilt University
- Resource Type
- Journal article
- Publication Details
- The Rand journal of economics, Vol.48(1), pp.178-202
- Publisher
- Wiley
- DOI
- 10.1111/1756-2171.12172
- ISSN
- 0741-6261
- eISSN
- 1756-2171
- Number of pages
- 25
- Language
- English
- Date published
- 03/22/2017
- Academic Unit
- Management and Entrepreneurship
- Record Identifier
- 9984380512502771
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