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Title: Measuring market power when firms price discriminate
Authors: Kutlu, Levent
Sickles, Robin C.
Keywords: Price discrimination
Market power
Conduct parameter
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
DOI: 10.1007/s00181-017-1251-4
URI: https://dspace.lboro.ac.uk/2134/27077
Publisher Link: https://doi.org/10.1007/s00181-017-1251-4
ISSN: 0377-7332
Appears in Collections:Published Articles (Business School)

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