Market Power and Multimarket Contact: Some Evidence from the Spanish Hotel Industry
Market Power and Multimarket Contact: Some Evidence from the Spanish Hotel Industry
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市场力量和多市场联系：来自西班牙酒店业的一些证据
DOI：
10.1111/1467-6451.00073
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发表时间：
2003
影响因子：
1.3
通讯作者：
Pedro L. Marin
中科院分区：
文献类型：
--
作者：
N. Fernández;Pedro L. Marin
本文分析了多市场接触对企业行为的影响。根据 D. Bernheim 和 M. D. Whinston (1990) 的说法，在多个市场中相遇无数次的公司可能会发现，在其经营所在的市场之间重新分配市场力量是有利可图的。作者利用西班牙酒店业的数据提供了支持这一预测的证据。此外，他们还发现，忽略衡量多市场联系的变量会导致集中度对价格的影响出现向下偏差。这一结果对先前关于竞争在预期出现多市场行为的行业中的作用的结论提出了质疑。版权所有 1998 Blackwell Publishing Ltd
This paper analyzes the effect of multimarket contact on firms' behavior. According to D. Bernheim and M. D. Whinston (1990), firms that meet in several markets for an infinite number of periods may find it profitable to redistribute market power among markets where they are operating. The authors present evidence supporting this prediction by using data from the Spanish hotel industry. Moreover, they also find that the omission of variables measuring multimarket contact creates a downward bias on the effect of concentration on prices. This result questions previous conclusions about the role of competition in industries where multimarket behavior is expected. Copyright 1998 by Blackwell Publishing Ltd