打印

作者

来源

REGIONAL SCIENCE AND URBAN ECONOMICS,Vol.64,P.117-136

语言

英文

关键字

Spatial competition; Product quality; Retail prices; Retail markets; Camping sites; WEAK INSTRUMENTS; GASOLINE MARKETS; CONSUMER SEARCH; DISPERSION; OWNERSHIP; INDUSTRY; DIFFERENTIATION; EQUILIBRIUM; CONTRACTS; SELLERS

作者单位

[Pennerstorfer, Dieter] Austrian Inst Econ Res WIFO, Object 20, A-1030 Vienna, Austria. [Pennerstorfer, Dieter] Vienna Univ Econ & Business, Welthandelspl 1, A-1020 Vienna, Austria. Pennerstorfer, D (reprint author), Austrian Inst Econ Res WIFO, Object 20, A-1030 Vienna, Austria.; Pennerstorfer, D (reprint author), Vienna Univ Econ & Business, Welthandelspl 1, A-1020 Vienna, Austria. E-Mail: dieter.pennerstorfer@wifo.ac.at

摘要

This article investigates the influence of competition on price and product quality among Austrian camping sites, a market characterized by both horizontal (spatial) and vertical product differentiation. Theoretically, the effect of competition on quality is ambiguous and depends on the degree of cost substitutability between output and quality. Estimating a system of equations shows that intense competition has a positive impact on product quality and a negative effect on prices (conditional on quality). As high quality is associated with high prices, the total effect of competition on prices is rather small.