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Ski-Lift Pricing, with Applications to Labor and Other

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  • Barro, Robert J
  • Romer, Paul M

Abstract

The market for ski runs or amusement rides often features admission tickets with no explicit price per ride. Therefore, the equilibrium i nvolves queues, which are systematically longer during peak periods s uch as weekends. Moreover, the prices of admission tickets are much l ess responsive than the length of queues to variations in demand, eve n when these variations are predictable. Despite the queues and stick y prices, the authors show that the outcomes are nearly efficient und er plausible conditions. They then show that similar results obtain f or some familiar congestion problems and for profit-sharing schemes i n the labor market. Copyright 1987 by American Economic Association.

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Bibliographic Info

Article provided by American Economic Association in its journal American Economic Review.

Volume (Year): 77 (1987)
Issue (Month): 5 (December)
Pages: 875-90

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Handle: RePEc:aea:aecrev:v:77:y:1987:i:5:p:875-90

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Cited by:
  1. Karp, Larry S. & Perloff, Jeffrey M, 2003. "When promoters like scalpers," CUDARE Working Paper Series 916R, University of California at Berkeley, Department of Agricultural and Resource Economics and Policy.
  2. Andre De Palma & Moez Kilani & Robin Lindsey, 2006. "The Economics of Truck Toll Lanes," ERSA conference papers ersa06p896, European Regional Science Association.
  3. Francois-Charles Wolff, 2014. "Lift ticket prices and quality in French ski resorts: Insights from a non-parametric analysis," Working Papers hal-00952999, HAL.
  4. James G. Mulligan, 2006. "Endogenously determined Quality and Price In a Two-Sector Competitive Service Market With an Application to Down-Hill Skiing," Working Papers 06-01, University of Delaware, Department of Economics.
  5. Pascal Courty & Mario Pagliero, 2008. "Responsive pricing," Economic Theory, Springer, vol. 34(2), pages 235-259, February.
  6. Julio J. Rotemberg, 2008. "Behavioral Aspects of Price Setting, and Their Policy Implications," NBER Working Papers 13754, National Bureau of Economic Research, Inc.
  7. William H. Sandholm, 1997. "An Evolutionary Approach to Congestion," Discussion Papers 1198, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  8. Gautier, Pieter A., 1997. "A note on waiting," Serie Research Memoranda 0037, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
  9. Julian Manning, 1994. "Existence of Competitive Equilibrium with a System of Complete Prices," GE, Growth, Math methods 9406003, EconWPA.
  10. Julian Manning, 1994. "Efficiency in Economies with Jurisdictions and Public Projects," Public Economics 9406004, EconWPA.

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