Banerjee谈到了价格一体化、酒店与OTA的关系及其它议题。

Banerjee spoke about price parity, the hotel-OTA relationship and other issues. Excerpts.

youdao

报告认为，在集中化程度高的行业把进口额占国内销售额的比例从零增加到25%可以通过降低消费价格将寡头垄断的利润率降低8%。

According to the report, increasing imports in concentrated industries from zero to 25 percent of domestic sales reduces oligopoly profit mark-ups by 8 percent through lower prices to consumers.

youdao

日本的房地产泡沫当时在一系列因素的共同作用下愈演愈烈：廉价的货币，金融自由化。与美国极为相似的是，大多数人都认为不动产价格不会出现全国范围内的普遍下跌。

Japan's property bubble was also fuelled by cheap money and financial liberalisation and-just as in america-most people assumed that property prices could not fall nationally.

youdao

And I'm going to initialize it, create them, with an opening price.

我要对它进行初始化，给它们一个初始价格然后创建它们。

麻省理工公开课 - 计算机科学及编程导论课程节选