Market size, service quality and competition in the US downhill ski industry

Autor: James G. Mulligan
Rok vydání: 2011
Předmět:
Zdroj: Applied Economics Letters. 18:1497-1500
ISSN: 1466-4291
1350-4851
DOI: 10.1080/13504851.2010.543072
Popis: Using a two-sector model of congestion, I explain theoretically how lower travel costs and increased consumer income over time resulted in endogenous investment in quality and higher real prices at both national and local ski resorts despite limited market entry. I also provide empirical evidence for the US ski industry in support of the implications of the model.
Databáze: OpenAIRE
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