Kalnins, Arturs2020-09-122020-09-122006-10-015449863https://hdl.handle.net/1813/71426This feature explores the operation of individual markets. Patterns of behavior in markets for specific goods and services offer lessons about the determinants and effects of supply and demand, market structure, strategic behavior, and government regulation.en-USRequired Publisher Statement: © American Economic Association. Reprinted with permission. All rights reserved.lodging industrysupply and demandmarket structurestrategic behaviorgovernment regulationarticle