Airline economics : an empirical analysis of market structure and competition in the US airline industry.
Tabacco, Giovanni Alberto.
2017
HE9803.A4
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Title Airline economics : an empirical analysis of market structure and competition in the US airline industry.
Author Tabacco, Giovanni Alberto.
ISBN 9783319467290 (electronic book)
3319467298 (electronic book)
331946728X
9783319467283
DOI https://doi.org/10.1007/978-3-319-46729-0
Imprint [Cham, Switzerland] : Palgrave Macmillan, 2017.
Language English
Description 1 online resource
Other Standard Identifiers 10.1007/978-3-319-46729-0 doi
Call Number HE9803.A4
Dewey Decimal Classification 387.70973
Summary 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. Giovanni Tabacco is Assistant Professor of Economics at Swansea University School of Management, Wales. Prior to this he worked in the Economics Department of the University of Bologna, Italy. His research interests include industrial organization, experimental economics and competition policy, and competition economics.
Note 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. Giovanni Tabacco is Assistant Professor of Economics at Swansea University School of Management, Wales. Prior to this he worked in the Economics Department of the University of Bologna, Italy. His research interests include industrial organization, experimental economics and competition policy, and competition economics.
Bibliography, etc. Note Includes bibliographical references and index.
Access Note Access limited to authorized users.
Digital File Characteristics text file PDF
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1. Introduction
2. Airline City Pair Market as Natural Oligopolies
3. Market Size, Firm Numbers and Market Share Asymmetry
4. Entry and Market Sharing Agreements in the U.S. Airline Industry
5. Conclusion.

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