Exotic reservations—Low-price guarantees
نویسندگان
چکیده
منابع مشابه
Do Low - Price Guarantees Facilitate Do Low - Price
We examine the role low-price guarantees allegedly play in supporting supracompetitive prices. We find that when firms can commit to matching or beating any lower price announced by a competitor, all Nash equilibria yield Bertrand selling prices. This result casts doubt on the robustness of the conclusions of models which restrict attention to meet-the-competition clauses only. JEL Classificati...
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ژورنال
عنوان ژورنال: International Journal of Hospitality Management
سال: 2008
ISSN: 0278-4319
DOI: 10.1016/j.ijhm.2007.07.016