Imperial College London
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Dr. Renáta Kosová

Business School

Professor of Economics
 
 
 
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Contact

 

+44 (0)20 7594 2630r.kosova Website CV

 
 
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Location

 

CAGB 418City and Guilds BuildingSouth Kensington Campus

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Summary

 

Publications

Citation

BibTex format

@article{Forbes:2023:10.1287/mnsc.2022.4568,
author = {Forbes, S and Kosova, R},
doi = {10.1287/mnsc.2022.4568},
journal = {Management Science},
pages = {4733--4752},
title = {Does competition benefit complements? Evidence from airlines and hotels},
url = {http://dx.doi.org/10.1287/mnsc.2022.4568},
volume = {69},
year = {2023}
}
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RIS format (EndNote, RefMan)

TY  - JOUR
AB  - We analyze how changes in the market structure of one industry – airlines – affect the performance of firms in a complementary industry – hotels – using an instrumental variables strategy to account for potential correlation between unobserved shocks to both markets. We find that more intense airline competition boosts hotel performance across all standard measures: price, occupancy rate, and revenue per available room. Spillovers vary across hotel quality and passenger type: lower-quality branded hotels serving more price-sensitive travelers, most likely brought into the market because of more intense airline competition, benefit the most. However, performance spillovers do not translate into higher hotel entry.
AU  - Forbes,S
AU  - Kosova,R
DO  - 10.1287/mnsc.2022.4568
EP  - 4752
PY  - 2023///
SN  - 0025-1909
SP  - 4733
TI  - Does competition benefit complements? Evidence from airlines and hotels
T2  - Management Science
UR  - http://dx.doi.org/10.1287/mnsc.2022.4568
UR  - http://hdl.handle.net/10044/1/97501
VL  - 69
ER  -
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