{"id":119028,"date":"2024-01-22T22:17:50","date_gmt":"2024-01-22T21:17:50","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/119028\/"},"modified":"2024-11-07T05:01:24","modified_gmt":"2024-11-07T04:01:24","slug":"price-and-quality-competition-in-spatial-markets-the-case-of-camping-sites","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/119028\/","title":{"rendered":"Price and Quality Competition in Spatial Markets. The Case of Camping Sites"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-119028","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"This paper investigates the influence of competition on price and product quality among Austrian camping sites, a market charactised by both horizontal (spatial) and vertical product differentiation. Theoretically, the effect of competition on quality is ambiguous and depends on the degree of cost substitutability between output and quality. Estimating a system of equations shows that intense competition has a positive impact on product quality and a negative effect on prices (conditional on quality). As high quality is associated with high prices, the total effect of competition on prices is quite small.","onlinedate":"2014-04-02 12:00:00","lang":"English","publication_series":"","publication_date":"20140301","publication_date_year":"","publication_date_full":false,"publication_num_pages":"39","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":352530,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"466","journal":"WIFO Working Papers","publisher":"","invisible":false,"external":false,"embargo_date":"2014-04-02 12:00:00","types":[44410],"research_groups":[3481],"collaboration":"","persons":[3781],"persons_data":"[{\"personId\":3781,\"personName\":\"Dieter Pennerstorfer\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Pennerstorfer, D.<\\\/span> (2014). <span>Price and Quality Competition in Spatial Markets. The Case of Camping Sites<\\\/span>. <span><em>WIFO Working Papers<\\\/em><\\\/span>, (466). <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/47202\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/47202<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Pennerstorfer D<\\\/span>. <span class=\\\"title\\\"><span>Price and Quality Competition in Spatial Markets. The Case of Camping Sites<\\\/span><\\\/span>. <span>WIFO Working Papers<\\\/span>. 2014 Mar;(466).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{effae40aba0743d1a32f89a08b8f12e2,<\\\/div><div>  title    = \\\"Price and Quality Competition in Spatial Markets. The Case of Camping Sites\\\",<\\\/div><div>  abstract = \\\"This paper investigates the influence of competition on price and product quality among Austrian camping sites, a market charactised by both horizontal (spatial) and vertical product differentiation. Theoretically, the effect of competition on quality is ambiguous and depends on the degree of cost substitutability between output and quality. Estimating a system of equations shows that intense competition has a positive impact on product quality and a negative effect on prices (conditional on quality). As high quality is associated with high prices, the total effect of competition on prices is quite small.\\\",<\\\/div><div>  keywords = \\\"Spatial competition, price and quality competition, retail markets, camping sites\\\",<\\\/div><div>  author   = \\\"Dieter Pennerstorfer\\\",<\\\/div><div>  note     = \\\"Price and Quality Competition in Spatial Markets\\\",<\\\/div><div>  year     = \\\"2014\\\",<\\\/div><div>  month    = mar,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  journal  = \\\"WIFO Working Papers\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Price and Quality Competition in Spatial Markets. The Case of Camping Sites<\\\/p><p>AU  - Pennerstorfer, Dieter<\\\/p><p>N1  - Price and Quality Competition in Spatial Markets<\\\/p><p>PY  - 2014\\\/3<\\\/p><p>Y1  - 2014\\\/3<\\\/p><p>N2  - This paper investigates the influence of competition on price and product quality among Austrian camping sites, a market charactised by both horizontal (spatial) and vertical product differentiation. Theoretically, the effect of competition on quality is ambiguous and depends on the degree of cost substitutability between output and quality. Estimating a system of equations shows that intense competition has a positive impact on product quality and a negative effect on prices (conditional on quality). As high quality is associated with high prices, the total effect of competition on prices is quite small.<\\\/p><p>AB  - This paper investigates the influence of competition on price and product quality among Austrian camping sites, a market charactised by both horizontal (spatial) and vertical product differentiation. Theoretically, the effect of competition on quality is ambiguous and depends on the degree of cost substitutability between output and quality. Estimating a system of equations shows that intense competition has a positive impact on product quality and a negative effect on prices (conditional on quality). 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