Mostra el registre d'ítem simple

dc.contributor.authorBhattacharjee, Prasun
dc.date.accessioned2016-07-14T12:07:38Z
dc.date.available2016-07-14T12:07:38Z
dc.date.issued2016-06
dc.identifier.citationBhattacharjee, Prasun. Competition and coordination in the U.S. Airline hub-to-hub markets: an industry pre-merger case study. "Journal of Airline and Airport Management", Juny 2016, vol. 6, núm. 1, p. 92-113.
dc.identifier.issn2014-4806
dc.identifier.urihttp://hdl.handle.net/2117/88805
dc.description.abstractPurpose: This paper investigates the nature of conduct that existed in the U.S. airline hub-to-hub markets prior to the recent merger wave of the legacy carriers. We explore the strategic importance of network carrier hubs in form of “spheres of influence” on airline market conduct. We also simultaneously recognize the overgrowing role played by Low Cost Carriers (LCC) over the years by estimating two conduct parameters - one in markets where LCCs directly compete head-to-head with legacy carriers and the other for markets which LCCs do not serve but has presence in the hub airports or adjacent airports comprising the market endpoints. Thus our supply side framework also sheds some light on the issue of perfect contestability in airline industry. Design/methodology: We estimate a structural oligopoly model for differentiated products with competitive interactions using DB1B data for first quarter of 2004. Findings: Our results imply that the nature of competition is more aggressive relative to Bertrand behavior in hub-to-hub markets and that these markets are less than perfectly contestable. Originality/value: This paper adds to the empirical literature of airline competition by enabling estimation of the actual conduct parameter assuming firm price setting behavior in presence of product differentiation. Contrary to existing literature on airline competition, a structural model enables us to systematically separate out effects of demand, cost and strategic factors on observed airline prices.
dc.format.extent22 p.
dc.language.isoeng
dc.publisherOmnia Science
dc.rightsAttribution-NonCommercial 3.0 Spain
dc.rights.urihttp://creativecommons.org/licenses/by-nc/3.0/es/
dc.subjectÀrees temàtiques de la UPC::Enginyeria civil::Infraestructures i modelització dels transports::Infraestructures i transport aeri
dc.subject.lcshAirlines--United States
dc.subject.lcshAeronautics, Commercial--United States
dc.subject.otherStructural oligopoly
dc.subject.otherProduct differentiation
dc.subject.otherConduct
dc.subject.otherAirline competition
dc.subject.otherContestability
dc.subject.otherLow cost carriers
dc.subject.otherSpheres of influence
dc.subject.otherHubt-to-hub markets
dc.titleCompetition and coordination in the U.S. Airline hub-to-hub markets: an industry pre-merger case study
dc.typeArticle
dc.subject.lemacLínies aèries
dc.subject.lemacLínies aèries -- Estats Units d'Amèrica
dc.subject.lemacAviació comercial -- Estats Units d'Amèrica
dc.identifier.doi10.3926/jairm.50
dc.description.peerreviewedPeer Reviewed
dc.rights.accessOpen Access
local.citation.publicationNameJournal of Airline and Airport Management
local.citation.volume6
local.citation.number1
local.citation.startingPage92
local.citation.endingPage113


Fitxers d'aquest items

Thumbnail

Aquest ítem apareix a les col·leccions següents

Mostra el registre d'ítem simple