By Giovanni Alberto Tabacco

ISBN-10: 331946728X

ISBN-13: 9783319467283

ISBN-10: 3319467298

ISBN-13: 9783319467290

This booklet offers an unique empirical research of the marketplace constitution of airline urban pair markets, laying off new mild at the workings of aggressive procedures among businesses. analyzing a cross-section people airline urban pairs, Tabacco proposes for the 1st time that the should be understood as a usual oligopoly, each one airline industry being ruled by means of one to 3 airline providers despite industry dimension. the writer questions the level to which airways intentionally hinder head-to-head pageant inside of urban pair markets, and attracts fascinating conclusions approximately aggressive forces from the saw marketplace constitution. Uncovering a number of the major company ideas of the airline undefined, the e-book is of speedy relevance to managers and practitioners, in addition to educational economists.

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Additional resources for Airline Economics: An Empirical Analysis of Market Structure and Competition in the US Airline Industry

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Finally, Sect. 6 concludes. 2 RELATED LITERATURE A parallel strand of literature to which this chapter is related considers empirical models of market structure based on specific oligopoly theories tailored to the particular industry being studied. Recent 3 MARKET SIZE, FIRM NUMBERS AND MARKET SHARE ASYMMETRY 37 researchers have considered a wide range of sectors, including the following: the video rental industry (Seim 2006), health care professions in Belgium (Schaumans and Verboven 2008), supermarkets (Cleeren et al.

Advertising and R&D alter real and/or perceived product quality, so consumers’ willingness to pay increases. As product quality is improved, consumers will tend to shift from the outside good to the quality one; consequently, quality enhancements enlarge demand (market size). An implication is that expansion of market size does not attract further entry, but instead induces incumbent firms to increase expenditure in endogenous sunk costs leading to an escalation process which determines endogenously economies of scale.

2, I provided empirical evidence that airline city pair markets are natural oligopolies, highlighting that airline carriers compete on product quality. The evidence also suggested considerable market shares asymmetries. In this chapter, I dig deeper by analysing with formal econometric analysis the determinants of firms’ size asymmetry and market concentration. From an economic point of view, the analysis performed below enriches the empirical evidence of the previous chapter, for means of describing how different market characteristics affect firm numbers and market share asymmetry.

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Airline Economics: An Empirical Analysis of Market Structure and Competition in the US Airline Industry by Giovanni Alberto Tabacco

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