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| Author: | Fernandez, N. Marin, P. |
| Title: | Market power and multimarket contact: some evidence from the Spanish hotel industry |
| Journal: | Journal of Industrial Economics
1998 : SEP, VOL. 46:3, p. 301-316 |
| Index terms: | MARKETS POWER SPAIN HOTEL AND CATERING INDUSTRY |
| Language: | eng |
| Abstract: | This paper analyses the effect of multimarket contact on firms' behavior. According to Bernheim and Whinston (1990), firms that meet in several markets for an infinite number of periods may find it profitable to redistribute market power among markets where they are operating. The authors present evidence supporting this prediction by using data from the Spanish hotel industry. Moreover, they also find that the omission of variables measuring multimarket contact creates a downward bias on the effect of concentration on prices. |
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