The Effect of Market Structure on the Empirical Distribution of Airline Fares PDF Download
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Author: Jeremy A. Verlinda
Publisher:
ISBN:
Category : Airlines
Languages : en
Pages : 56
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Book Description
Author: Jeremy A. Verlinda
Publisher:
ISBN:
Category : Airlines
Languages : en
Pages : 56
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Book Description
Author: Jeremy A. Verlinda
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
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.
Author: Volodymyr Bilotkach
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
We analyze a sample of fare quotes, collected from the three leading on-line travel agents on fifty large US airline markets. Looking at the lowest fares available, we determine competition between the travel agents ensures the consumer can get a better deal. The travel agents compete more on those airline markets which are less competitive. Also, we find individual agents appear to discriminate for or against individual airlines when deciding whether or not to report airlines' lowest offered fare quotes. As different agents discriminate for/against different airlines, we conjecture that what we observe resembles a 'market-sharing' arrangement.
Author: Giovanni Alberto Tabacco
Publisher: Springer
ISBN: 3319467298
Category : Business & Economics
Languages : en
Pages : 88
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Book Description
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.
Author: William W. Nye
Publisher:
ISBN:
Category : Antidumping duties
Languages : en
Pages : 46
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Author: Eric Emch
Publisher:
ISBN:
Category : Affinity credit cards
Languages : en
Pages : 48
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Author: Dean V. Williamson
Publisher:
ISBN:
Category : Investment analysis
Languages : en
Pages : 68
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Author: Ken Heyer
Publisher:
ISBN:
Category : Antitrust law
Languages : en
Pages : 44
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Author: Sheldon Kimmel
Publisher:
ISBN:
Category : Antitrust law
Languages : en
Pages : 46
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Author: Alexander Raskovich
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 46
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Book Description
