Andrew Sweeting
Biographic Data
| ID | 5735247 |
|---|---|
| NAME | Andrew Sweeting |
| GIVEN NAMES | Andrew |
| FAMILY NAME | Sweeting |
| SIGNATURE | SWEETING A |
| AFFILIATIONS | Northwestern University |
| ORCID | 0000-0002-6351-5162 |
| VERIFIED | Yes |
| TOTAL WORKS | 3 |
| TOTAL CITATIONS | 15 |
| AUTHOR COUNT | 3 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2007 |
| LATEST PUBLICATION YEAR | 2019 |
| H-INDEX | 3 |
A Model of Dynamic Limit Pricing with an Application to the Airline Industry
We develop a dynamic limit pricing model where an incumbent repeatedly signals information relevant to a potential entrant's expected profitability. The model is tractable, with a unique equilibrium under refinement, and dynamics contribute to large equilibrium price changes. We show that the model can explain why incumbent airlines cut prices dramatically on routes threatened with entry by Southwest, presenting new reduced-form evidence and a ca…
Dynamic Pricing Behavior in Perishable Goods Markets: Evidence from Secondary Markets for Major League Baseball Tickets
Sellers of perishable goods increasingly use dynamic pricing strategies as technology makes it easier to change prices and track inventory. This paper tests how accurately theoretical models of dynamic pricing describe sellers' behavior in secondary markets for event tickets, a classic example of a perishable good. It shows that the simplest dynamic pricing models describe very accurately both the pricing problem faced by sellers and how they beh…
Market Power in the England and Wales Wholesale Electricity Market 1995–2000
This article shows that generators exercised considerable market power in the England and Wales wholesale electricity market in the late 1990s. This is surprising because static oligopoly models predict that falling market concentration should have reduced market power. The article tests the equilibrium assumption of these models that each generator's bids should maximise its short-run profits given the bids of other generators. It finds that the…
Dynamic Pricing Behavior in Perishable Goods Markets: Evidence from Secondary Markets for Major League Baseball Tickets
Sellers of perishable goods increasingly use dynamic pricing strategies as technology makes it easier to change prices and track inventory. This paper tests how accurately theoretical models of dynamic pricing describe sellers' behavior in secondary markets for event tickets, a classic example of a perishable good. It shows that the simplest dynamic pricing models describe very accurately both the pricing problem faced by sellers and how they beh…
Market Power in the England and Wales Wholesale Electricity Market 1995–2000
This article shows that generators exercised considerable market power in the England and Wales wholesale electricity market in the late 1990s. This is surprising because static oligopoly models predict that falling market concentration should have reduced market power. The article tests the equilibrium assumption of these models that each generator's bids should maximise its short-run profits given the bids of other generators. It finds that the…
A Model of Dynamic Limit Pricing with an Application to the Airline Industry
We develop a dynamic limit pricing model where an incumbent repeatedly signals information relevant to a potential entrant's expected profitability. The model is tractable, with a unique equilibrium under refinement, and dynamics contribute to large equilibrium price changes. We show that the model can explain why incumbent airlines cut prices dramatically on routes threatened with entry by Southwest, presenting new reduced-form evidence and a ca…
Market Power in the England and Wales Wholesale Electricity Market 1995–2000
This article shows that generators exercised considerable market power in the England and Wales wholesale electricity market in the late 1990s. This is surprising because static oligopoly models predict that falling market concentration should have reduced market power. The article tests the equilibrium assumption of these models that each generator's bids should maximise its short-run profits given the bids of other generators. It finds that the…
Dynamic Pricing Behavior in Perishable Goods Markets: Evidence from Secondary Markets for Major League Baseball Tickets
Sellers of perishable goods increasingly use dynamic pricing strategies as technology makes it easier to change prices and track inventory. This paper tests how accurately theoretical models of dynamic pricing describe sellers' behavior in secondary markets for event tickets, a classic example of a perishable good. It shows that the simplest dynamic pricing models describe very accurately both the pricing problem faced by sellers and how they beh…
A Model of Dynamic Limit Pricing with an Application to the Airline Industry
We develop a dynamic limit pricing model where an incumbent repeatedly signals information relevant to a potential entrant's expected profitability. The model is tractable, with a unique equilibrium under refinement, and dynamics contribute to large equilibrium price changes. We show that the model can explain why incumbent airlines cut prices dramatically on routes threatened with entry by Southwest, presenting new reduced-form evidence and a ca…
Economics (3 works) · Consumer Market Behavior and Pricing (2 works) · Dynamic Pricing (2 works) · Microeconomics (2 works) · Auction Theory and Applications (1 works) · Aviation Industry Analysis and Trends (1 works) · Business (1 works) · Calibration (1 works) · Commerce (1 works) · Econometrics (1 works)