Overview
- Provides empirical evidence on airline markets as natural oligopolies
- Questions whether airlines deliberately prevent head-to-head competition within city pair markets
- Applies two econometric models of entry to analyse market sharing agreements
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Table of contents (5 chapters)
Keywords
About this book
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.
Authors and Affiliations
About the author
Bibliographic Information
Book Title: Airline Economics
Book Subtitle: An Empirical Analysis of Market Structure and Competition in the US Airline Industry
Authors: Giovanni Alberto Tabacco
DOI: https://doi.org/10.1007/978-3-319-46729-0
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s) 2017
Hardcover ISBN: 978-3-319-46728-3Published: 23 November 2016
Softcover ISBN: 978-3-319-83572-3Published: 29 June 2018
eBook ISBN: 978-3-319-46729-0Published: 15 November 2016
Edition Number: 1
Number of Pages: XV, 78
Number of Illustrations: 5 b/w illustrations
Topics: Industrial Organization, Regional/Spatial Science, Business Strategy/Leadership, Tourism Management, Economic Theory/Quantitative Economics/Mathematical Methods