Are Consumers Strategic? Structural Estimation from the Air-Travel Industry
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چکیده
منابع مشابه
Are Consumers Strategic? Structural Estimation from the Air-Travel Industry
Many consumers have learned to delay purchases, anticipating that prices might decrease. Such strategic or forward-looking behavior has attracted increasing attention from various disciplines, including operations management, information systems, marketing, and economics. However, there is currently no empirical evidence of the extent to which this strategic decision-making actually takes place...
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Rapid advances in technology profoundly affect the way businesses are conducted and the way industry structures evolved. The air travel distribution industry experienced two major technology waves in its evolution, the Computer Reservations System (CRS) and electronic commerce. This paper considers various frameworks used to explain structural features of the US air travel distribution industry...
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The electronic market hypothesis (EMH) in the Information Systems (IS) literature predicts that by reducing coordination costs, information technology (IT) will shift industrial organization from hierarchical to market-based forms of economic activity. While academic researchers and practitioners have witnessed these shifts with the advent of the Internet, there is little understanding about th...
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The electronic market hypothesis (EMH) predicts that by reducing coordination costs, information technology (IT) will shift industrial organization from hierarchical to market-based forms of economic activity. While academic researchers and practitioners have witnessed these shifts with the advent of the Internet, there is little understanding about the process and the underlying forces that dr...
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ژورنال
عنوان ژورنال: Management Science
سال: 2014
ISSN: 0025-1909,1526-5501
DOI: 10.1287/mnsc.2013.1860