Industry Structure, Segmentation, and Competition in the U.S. Hotel Industry
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This paper investigates how increases in concentration can be interrupted or reversed by changes in how firms compete on quality. We examine the U.S. hotel industry during the past half century. We document that starting in the early 1980s, quality competition came more in the form of costs that
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美国国家经济研究局创建时间：
2019-12-01
