Search results for "price dispersion"

Price dispersion, competition, and the role of online travel agents: Evidence from business routes in the Italian airline market

2014

Abstract In this article, using data from the Italian airline market, we study the role of online travel agents (OTAs) in driving price dispersion as compared to the effect of airlines’ websites. Specifically, we investigate how distinctive factors between OTAs and airlines’ direct channels influence price dispersion. We find that after controlling for OTAs’ features related to airline competition, price dispersion should be lower in the OTA channel relative to airlines’ direct channels. On the other hand, we also find that OTAs’ features related to the presence of airline competition play in favor of higher price dispersion in such indirect channel.

Price Convergence in the European Union

2004

This study investigates the relationship between market integration and price convergence in international markets. Using a panel data set of consumer price indices (general and by groups and classes), it examines how European market integration has affected cross-country dispersion in the European Union.

PRICE CONVERGENCE IN THE EUROPEAN CAR MARKET

2008

International audience; This paper examines price convergence in the European Union car market over the period 1995-2005. We find that there is a clear evidence of price convergence among the EU15 countries, but not before 1999. Moreover, countries of the Economic and Monetary Union (EMU) started convergence previously to the EU15 as a whole. Finally, exchange rate changes have significantly contributed to price dispersion over time across countries. The results provide significant evidence that trade liberalization and the EMU have enhanced the process of regional integration in the European automobile industry, even though there is room for further measures to promote integration.

An empirical analysis of online price dispersion in the Italian airline industry

2015

Firms operating in the electronic marketplace set and adjust prices to affect demand and profitability. In service markets, such as airline markets, different prices are commonly offered by diverse firms to accommodate to a variety of market segments having particular sets of consumer attitudes. This variation in prices is the price dispersion and is based on market distinctiveness deriving from customer heterogeneity as well as the peculiar competition in the specific market arena. In this paper we use a panel dataset from the Italian airline market to investigate the role of competition and different online channels in the emergence of price dispersion. Specifically, we examine the unclea…

Price dispersion in the Italian airline industry: the role of competition and online travel agents

2013

Price dispersion and competition in business routes: An empirical analysis

2014

Export market integration in the European Union

2004

This paper examines the degree and recent evolution (1988-2001) of export-price dispersion among European Union countries. It also explores the effect of exchange rates on exportprice dispersion by reviewing the experience of some European countries that participated in the exchange rate stability zone. The results indicate that export-price dispersion across European Union countries was usually lower than across OECD countries. Moreover, although there is little evidence of convergence, this is stronger across European Union countries. Finally, even though price dispersion was often lower across European Union countries where exchange rates have been relatively stable than across countries…

Are Energy Market Integrations a Green Light for FDI?

2015

This paper studies the effect of energy market integration (EMI) on foreign direct investment (FDI). EMIs diminish energy uncertainty and price volatility in the host country and affect FDI through two channels: first, by harmonizing energy prices and, second, by reducing price dispersion. FDI may, as a result, increase both within and outside the EMI area, through energy stability mechanisms and price mechanisms, respectively. An empirical application on a global dataset including bilateral FDI data, during 2003-2012, using the gravity equation, shows that the integration of Portugal and Spain's electricity market in 2007 increased the amount of FDI's participants. Additionally, a positive…

Consumers' privacy, selling of information, and security in digital markets

2019

La era digital se caracteriza por la gran producción de datos (algunos de ellos de naturaleza privada) a gran escala. La vulnerabilidad y la exposición está ocurriendo a un ritmo sin precedentes, produciendo grandes incentivos económicos para los propietarios de estos datos. Sin embargo, los proveedores de dichos datos, que a menudo son consumidores de contenido gratuito en plataformas digitales, están comenzando a desarrollar problemas de privacidad y, por lo tanto, conducen a la consiguiente reducción de la confianza en los mercados digitales. El objetivo principal de esta tesis es analizar la privacidad desde una perspectiva informativa y fuente de ineficiencias en el mercado. Además, la…