Narrow Search
Last searches

Results for *

Displaying results 1 to 5 of 5.

  1. Price competition and endogenous product choice in networks
    evidence from the US airline industry
    Published: March 2023
    Publisher:  [Toulouse School of Economics], [Toulouse]

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 330
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working papers / Toulouse School of Economics ; no 1415
    Subjects: endogenous market structure; networks; airlines; oligopoly; product repositioning; mergers; remedies
    Scope: 1 Online-Ressource (circa 45 Seiten), Illustrationen
  2. Price competition and endogenous product choice in networks
    evidence from the US airline industry
    Published: [2023]
    Publisher:  School of Economics and Finance, Queen Mary University of London, London

    We develop a two-stage game in which competing airlines first choose the networks of markets to serve in the first stage before competing in price in the second stage. Spillovers in entry decisions across markets are allowed, which accrue on the... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 217
    No inter-library loan

     

    We develop a two-stage game in which competing airlines first choose the networks of markets to serve in the first stage before competing in price in the second stage. Spillovers in entry decisions across markets are allowed, which accrue on the demand, marginal cost, and fixed cost sides. We show that the second-stage parameters are point identified, and we design a tractable procedure to set identify the first-stage parameters and to conduct inference. Further, we estimate the model using data from the domestic US airline market and find significant spillovers in entry. In a counterfactual exercise, we evaluate the 2013 merger between Amer- ican Airlines and US Airways. Our results highlight that spillovers in entry and post-merger network readjustments play an important role in shaping post-merger outcomes.

     

    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/284300
    Series: Working paper / School of Economics and Finance, Queen Mary University of London ; no. 950 (June 2023)
    Subjects: endogenous market structure; multiple equilibria; oligopoly; product repositioning; mergers; remedies; bankruptcy
    Scope: 1 Online-Ressource (circa 46 Seiten)
  3. Identification in discrete choice models with imperfect information
    Published: [2023]
    Publisher:  School of Economics and Finance, Queen Mary University of London, London

    We study identification of preferences in static single-agent discrete choice models where decision makers may be imperfectly informed about the state of the world. We leverage the notion of one-player Bayes Correlated Equilibrium by Bergemann and... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 217
    No inter-library loan

     

    We study identification of preferences in static single-agent discrete choice models where decision makers may be imperfectly informed about the state of the world. We leverage the notion of one-player Bayes Correlated Equilibrium by Bergemann and Morris (2016) to provide a tractable characterization of the sharp identified set. We develop a procedure to practically construct the sharp identified set when the state of the world is continuous following a sieve approach, and provide sharp bounds on counterfactual outcomes of interest. We use our methodology and data on the 2017 UK general election to estimate a spatial voting model under weak assumptions on agents’ information about the returns to voting. Counterfactual exercises quantify the consequences of imperfect information on the well-being of voters and parties.

     

    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/284299
    Series: Working paper / School of Economics and Finance, Queen Mary University of London ; no. 949 (June 2023)
    Subjects: Discrete choice model; Bayesian Persuasion; Bayes Correlated Equilibrium; Incomplete Information; Partial Identification; Moment Inequalities; Spatial Model of Voting
    Scope: 1 Online-Ressource (circa 68 Seiten)
  4. Partial identification in matching models for the marriage market
    Published: [2022]
    Publisher:  Toulouse School of Economics, [Toulouse]

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 330
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Edition: Revised August 2022
    Series: Working papers / Toulouse School of Economics ; no 993
    Subjects: One-to-One Matching; Transfers; Stability; Partial Identification; Nonparametric Identification; Linear Programming
    Scope: 1 Online-Ressource (circa 91 Seiten), Illustrationen
  5. An econometric model of network formation with an application to board interlocks between firms
    Published: [2017]
    Publisher:  Toulouse School of Economics, [Toulouse]

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 330
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working papers / Toulouse School of Economics ; no 898 (17)
    Scope: 1 Online-Ressource (circa 46 Seiten), Illustrationen