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

IF 2.8 4区管理学 Q2 BUSINESS

Industrial and Corporate Change Pub Date : 2023-09-26 DOI:10.1093/icc/dtad036

Zaichao Du, Han Li, Feng Wei, Lan Zhang

引用次数: 0

Abstract

Abstract 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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竞争与价格分散:来自中国航空公司和高铁竞争的证据

中国京沪高铁(Launch)和温州动车碰撞(Crash)的引入为研究竞争对价格分散的影响提供了一个独特的机会。结果显示，价格差异在推出后增加了约48%，因为航空公司向价格弹性消费者提供的折扣比价格非弹性消费者提供的折扣更大。相比之下，价格差异在崩盘后下降了约55%，因为航空公司对价格弹性消费者的提价幅度大于对价格无弹性消费者的提价幅度。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Industrial and Corporate Change Multiple-

CiteScore

5.10

自引率

4.00%

发文量

期刊介绍： The journal covers the following: the internal structures of firms; the history of technologies; the evolution of industries; the nature of competition; the decision rules and strategies; the relationship between firms" characteristics and the institutional environment; the sociology of management and of the workforce; the performance of industries over time; the labour process and the organization of production; the relationship between, and boundaries of, organizations and markets; the nature of the learning process underlying technological and organizational change.