The Effect Of Market Structure On The Empirical Distribution Of Airline Fares
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The Effect of Market Structure on the Empirical Distribution of Airline Fares
Author | : Jeremy A. Verlinda |
Publisher | : |
Total Pages | : 0 |
Release | : 2007 |
Genre | : |
ISBN | : |
This paper extends the existing literature on the effect of market structure on price dispersion in airline fares by modeling the effect at the disaggregate ticket level. Whereas past studies rely on aggregate measures of price dispersion such as the gini coefficient or the standard deviation of fares, this paper estimates the entire empirical distribution of airline fares and documents how the shape of the distribution is determined by market structure. Specifically, I find that monopoly markets favor a wider distribution of fares with more mass in the tails while duopoly and competitive markets exhibit a tighter fare distribution. These findings indicate that the dispersion of airline fares may result from the efforts of airlines to practice second-degree price discrimination.
Airline Economics
Author | : Giovanni Alberto Tabacco |
Publisher | : Palgrave Macmillan |
Total Pages | : 78 |
Release | : 2018-06-29 |
Genre | : Business & Economics |
ISBN | : 9783319835723 |
This book presents an original empirical investigation of the market structure of airline city pair markets, shedding new light on the workings of competitive processes between firms. Examining a cross-section of US airline city pairs, Tabacco proposes for the first time that the industry can be understood as a natural oligopoly, each airline market being dominated by one to three airline carriers regardless of market size. The author questions the extent to which airlines deliberately prevent head-to-head competition within city pair markets, and draws intriguing conclusions about competitive forces from the observed market structure. Uncovering some of the main corporate strategies of the airline industry, the book is of immediate relevance to industry managers and practitioners, as well as academic economists.
What is the Effect of U.S. Antidumping Duties on Imports?
Author | : William W. Nye |
Publisher | : |
Total Pages | : 46 |
Release | : 2006 |
Genre | : Antidumping duties |
ISBN | : |
Market Definition and Market Power in Payment Card Networks
Author | : Eric Emch |
Publisher | : |
Total Pages | : 48 |
Release | : 2006 |
Genre | : Affinity credit cards |
ISBN | : |
Competition Or Collusion?
Author | : Alexander Raskovich |
Publisher | : |
Total Pages | : 46 |
Release | : 2006 |
Genre | : Competition |
ISBN | : |
Organization, Control and the Single Entity Defense in Antitrust
Author | : Dean V. Williamson |
Publisher | : |
Total Pages | : 52 |
Release | : 2006 |
Genre | : Antitrust law |
ISBN | : |
Investment Incentives and Market Power
Author | : Dean V. Williamson |
Publisher | : |
Total Pages | : 68 |
Release | : 2006 |
Genre | : Investment analysis |
ISBN | : |