Industry Structure, Segmentation, and Quality Competition in the U.S. Hotel Industry*
研究了美国酒店业中质量竞争如何影响市场规模与行业结构的关系，发现商务旅行目的地的酒店数量增多但规模变小，而个人旅行目的地则相反。
We examine how quality competition affects the relationship between market size and industry structure at the product level using evidence from the U.S. hotel industry. Starting in the early 1980s, quality competition for business travelers became more based on variable and less on fixed costs, and became less scale intensive. Since then, market size increases have been met by more, but smaller, hotels in business travel destinations but continued to be met by larger hotels in personal travel destinations. Our results illustrate how the way consumers benefit from increases in market size depends on how firms compete.