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DTSTART:20190331T010000
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DTSTART:20191027T010000
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DTSTART;TZID=Europe/Helsinki:20190603T110000
DTEND;TZID=Europe/Helsinki:20190603T120000
DTSTAMP:20260713T083142
CREATED:20190528T103657Z
LAST-MODIFIED:20190528T103657Z
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SUMMARY:Morgane Cure - "Price determinants and  the effect of price parity in the hotel industry"
DESCRIPTION:CREST Internal Seminar in Microeconomics :  \n\nTime: 11:00 am – 12:00pm\nDate: 03rd June 2019\nPlace: Room 3105.\nMorgane Cure – “Price determinants and  the effect of price parity in the hotel industry” \nAbstract: Using an exhaustive database of bookings in 22 hotels of one large chain active in Scandinavia (2014-2015)\, we estimate a price equation and identify the main components among reservation and hotel characteristics that play a role in the hotel price setting. Especially\, we show that the type of tariff chosen by consumers (refundable or not) and the type of contract between the hotel and the online travel agency play an important role in the so called price parity application : in our data\, it is applied only for some tariff and some type of hotels; using this particular framework and a difference and difference estimation\, we quantify the effect of a price parity application on the level of prices on the different hotels’ sales channel. Consistently with the very first theories of harm\, we show a price increase of more than 10%. We finally confirm this result with a triple difference estimation. [On going work]\n\n\nOrganizers:\nAlexis Larousse (CREST)\nSponsors:\nCREST\nLunch registration:\nno registration needed\n\n  \n
URL:https://crest.science/event/morgane-cure-price-determinants-and-the-effect-of-price-parity-in-the-hotel-industry/
LOCATION:3105
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