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|Title: ||Measuring market power when firms price discriminate|
|Authors: ||Kutlu, Levent|
Sickles, Robin C.
|Keywords: ||Price discrimination|
|Issue Date: ||2017|
|Publisher: ||© Springer Verlag|
|Citation: ||KUTLU, L. and SICKLES, R.C., 2017. Measuring market power when firms price discriminate. Empirical Economics, 53(1), pp. 287-305.|
|Abstract: ||© 2017, Springer-Verlag Berlin Heidelberg. We propose conduct parameter-based market power measures within a model of price discrimination, extending work by Hazledine (Econ Lett 93:413–420, 2006) and Kutlu (Econ Lett 117:540–543, 2012) to certain forms of second-degree price discrimination. We use our model to estimate the market power of US airlines in a price discrimination environment. We find that a slightly modified version of our original theoretical measure is positively related to market concentration. Moreover, on average, market power for high-end segment is greater than that of low-end segment.|
|Description: ||This is a post-peer-review, pre-copyedit version of an article published in Empirical Economics. The final authenticated version is available online at: https://doi.org/10.1007/s00181-017-1251-4|
|Version: ||Accepted for publication|
|Publisher Link: ||https://doi.org/10.1007/s00181-017-1251-4|
|Appears in Collections:||Published Articles (Business School)|
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