The Effect of Price Controls on Non-Price Competition
نویسندگان
چکیده
منابع مشابه
The Effect of Price Controls on Non-price Competition
It has been said that the National Recovery Administration operated under a law which gave it legislative, executive, and judicial functions. But in retrospect it seems to have scarcely passed beyond the legislative pfiase in most of the matters which came under its jurisdiction. The essential part of its record for the economist is the record of the attempts to formulate policy in connection w...
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We investigate how price ceilings and floors affect outcomes in continuous time, double auction markets with discrete goods and multiple qualities. When price controls exist, the existence of competitive equilibria (the solution concept of classical market theory) is no longer guaranteed; hence, we investigate the nature of non-price competition and how markets might evolve in its presence. We ...
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چکیده ندارد.
15 صفحه اولDoes Price Matter? Price and Non-Price Competition in the Airline Industry
This paper studies passengers’ choice behavior in air travel. Products are defined as a unique combination of airline and flight itinerary while markets are defined as a directional round-trip air travel between an origin and a destination city. A structural econometric model is used to investigate the relative importance of price (airfare) and non-price product characteristics in explaining pa...
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ژورنال
عنوان ژورنال: Law and Contemporary Problems
سال: 1937
ISSN: 0023-9186
DOI: 10.2307/1189742