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Ski-Lift Pricing, with Applications to Labor and Other

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Author Info
Barro, Robert J
Romer, Paul M

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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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Publisher 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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  1. Julio J. Rotemberg, 2008. "Behavioral Aspects of Price Setting, and Their Policy Implications," NBER Working Papers 13754, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  2. Larry Karp & Jeffrey Perloff, 2003. "When Promoters Like Scalpers," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series 916R, Department of Agricultural & Resource Economics, UC Berkeley. [Downloadable!]
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  4. William H. Sandholm, 1997. "An Evolutionary Approach to Congestion," Discussion Papers 1198, Northwestern University, Center for Mathematical Studies in Economics and Management Science. [Downloadable!]
  5. 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. [Downloadable!]
  6. Julian Manning, 1994. "Efficiency in Economies with Jurisdictions and Public Projects," Public Economics 9406004, EconWPA. [Downloadable!]
  7. Gautier, Pieter A., 1997. "A note on waiting," Serie Research Memoranda 0037, Free University Amsterdam, Faculty of Economics, Business Administration and Econometrics. [Downloadable!]
  8. Julian Manning, 1994. "Existence of Competitive Equilibrium with a System of Complete Prices," GE, Growth, Math methods 9406003, EconWPA. [Downloadable!]
  9. Courty, Pascal & Pagliero, Mario, 2003. "Responsive Pricing," CEPR Discussion Papers 4036, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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