Peak-Load Versus Discriminatory Pricing: Evidence from the Golf Industry |
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Authors: | Frank F Limehouse Michael T Maloney Kurt W Rotthoff |
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Institution: | (1) Departament de Politica Economica, Universitat de Barcelona and GPRE-IREA, Av. Diagonal, 690, Barcelona, 08034, Spain |
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Abstract: | Using a unique dataset on the golf industry we analyze the weekend premium in golf course fees. Since both peak-load pricing
and price discrimination may be at play, we attempt to separate these two forms of pricing. We find that as competition increases
there is a decrease in the weekend premium, which we attribute to price discrimination. Additionally, we find that resort
courses and courses that are heavily dependent on tourism have less differential pricing, which we attribute to less peak
demand and less peak-load pricing. |
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