Making Friends with Your Neighbors? Agglomeration and Tacit Collusion in The Lodging Industry
利用德克萨斯州酒店的季度数据，研究集聚是否促进住宿业中的默契合谋，发现集聚酒店比孤立酒店更可能处于合谋状态。
Agglomeration is a location pattern frequently observed in service industries such as hotels. This paper empirically examines whether agglomeration facilitates tacit collusion in the lodging industry using a quarterly data set of hotels in Texas. We jointly model a price and occupancy rate equation under a switching regression model to identify a collusive and noncollusive regime. The estimation results indicate that clustered hotels have a higher probability of being in the potential collusive regime than isolated properties in the same town. The identification of a collusive regime is also consistent with other factors considered to affect the sustainability of tacit collusion. © 2013 The President and Fellows of Harvard College and the Massachusetts Institute of Technology.