The choices of product differentiation and ownership structure on the evolution of agglomeration
學年 108
學期 1
發表日期 2019-12-12
作品名稱 The choices of product differentiation and ownership structure on the evolution of agglomeration
作品名稱（其他語言）
著者 Shih-Chuan Lin; Michael Sykuta
作品所屬單位
出版者
會議名稱 2019 Asia-Pacific Industrial Organization Conference
會議地點 Tokyo, Japan
摘要 This paper examines the joint effects of product differentiation and ownership structure on the evolution of agglomeration in the Texas lodging industry. Using the data from the Texas Comptroller of Public Accounts from 2010 to 2016, this study focuses on how the joint effects of product market strategy and ownership structure shape the lodging industry dynamics and eventually the spatial distribution of hotels. The literature on agglomeration claims that the agglomeration effect is heterogeneous among hotels and this effect is based on product heterogeneity between entrants and incumbents nearby. In addition, the choice of the ownership structure of entrants might substantially change the competitive environment of the market. We propose that multi-unit owners who operate a bundle of product portfolios can obtain more benefits but neutralize more threats from agglomeration. The results show that the multi-unit owner will establish a new high-end hotel in the market characterized by high counts of low-end hotels if one of the incumbents belongs to the multi-unit owner. Moreover, the findings also show that multi-unit owners who operate multiple cross-tier/same-chain hotels will neutralize the negative externality from agglomeration. The results imply that the owner of high-end hotels may find it beneficial to control nearby incumbents.
關鍵字 Agglomeration;product differentiation;multiunit owners;MUF
語言 en_US
收錄於
會議性質 國際
校內研討會地點 無
研討會時間 20191212~20191214
通訊作者
國別 JPN
公開徵稿
出版型式
出處
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/117859 )

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