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This study aims to explain briefly the history and the future of revenue and yield management, offering a graphical visual model to identify the main internal and external elements to be faced by revenue managers.

Stemming from what happened in the past, the authors predict the key elements in revenue management moving forward.

The authors discuss four notable emerging themes for a fertile revenue management application: organizational culture; dynamic pricing, both in terms of intertemporal price discrimination and inventory controls; personalized pricing; and distribution channels.

The paper offers informative knowledge to revenue managers and academics working in the area of strategic yield and revenue management.

This paper aims to examine whether the pro-environmental engagement (PEE) of firms in response to the environmental expectations of stakeholders increases firm market power and whether the level of stakeholder PEE can counterbalance this effect.

This study draws on stakeholder theory and the co-production paradigm. The stakeholder perspective provides a theoretical basis for the increase in market power of organizations that improve their PEE, while co-production paradigm provides a theoretical foundation for the negative impact of stakeholder PEE on market power. The empirical evidence is derived from waste management services in Italy. The authors use a stochastic frontier approach to determine firm market power indices in relation to firm and stakeholder PEE.

The results confirm that market power increases when stakeholder expectations are met, while stakeholder commitment (mainly service recipients) challenges this effect. Furthermore, the findings suggest the existence of a self-reinforcing mechanism, as organizational efforts tend to keep pace with the empowerment of service recipients.

The originality of the study lies in the use of market power as a performance parameter, which has the advantage of being directly related to the acquisition of monopoly rents. In this context, the sustainability efforts of firms have strategic valence, as they allow them to approach a monopolistic condition, while the co-production efforts of service recipients can mitigate this socially undesirable outcome.

This chapter provides an overview of the status of applied econometric research in hospitality and tourism management and outlines the econometric toolsets available for quantitative researchers using empirical data from the field. Basic econometric models, cross-sectional models, time-series models, and panel data models are reviewed first, followed by an evaluation of relevant applications. Next, econometric modeling topics that are germane to hospitality and tourism research are discussed, including endogeneity, multi-equation modeling, causal inference modeling, and spatial econometrics. Furthermore, major feasibility issues for applied researchers are examined based on the literature. Lastly, recommendations are offered to promote applied econometric research in hospitality and tourism management.