Bilotkach, Volodymyr; Fageda, Xavier; Flores-Fillol, Ricardo - In: Regional Science and Urban Economics 43 (2013) 6, pp. 951-963
Several airline consolidation events have recently been completed both in Europe and in the United States. The model we develop considers two airlines operating hub-and-spoke networks, using different hubs to connect the same spoke airports. We assume the airlines to be vertically...