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model of airport pricing that captures a number of these features. The model in particular reflects (1) that airlines … typically have market power and are engaged in oligopolistic competition at different sub-markets; (2) that part of external …
Persistent link: https://www.econbiz.de/10011255935
taking into account competition between multiple privatized transport operator types. The operators, including high …-speed rail, hub and spoke legacy airlines and low cost carriers, maximize profit functions via prices, frequency and train …
Persistent link: https://www.econbiz.de/10011257086
We analyze the phenomenon of hub dominance by developing a model relating faresto distance, using the mainleg of intercontinental flights for scaling purposes. Our results indicate thatat least some of the major Europeancarriers place a mark up on flights originating from or going to their hubs.
Persistent link: https://www.econbiz.de/10011256130
Frequent Flier Programs (FFPs) are said to impact airline consumer behaviour such that revenue of sponsoring airlines …
Persistent link: https://www.econbiz.de/10011261937
This paper investigates optimal airport pricing when airlines provide imperfect substitutes products, and make …-shares formulae that were recently derived for Cournot models, and approaches the atomistic toll (which ignores the airlines … first-best outcome: per-passenger subsidies to counteract airlines' market power, and per-flight tolls to correct congestion …
Persistent link: https://www.econbiz.de/10011256199
hub location and route structure strategic competition. We find that, for some parameters, an instrument directly aimed at …
Persistent link: https://www.econbiz.de/10011257085
The search literature assumes that consumers know which firms sell products they are looking for, but are unaware of the particular variety and the prices at which each firm sells. In this paper, we consider the situation where consumers are uncertain whether a firm carries the product at all by...
Persistent link: https://www.econbiz.de/10011255691
Network shares and retail prices are not symmetric in the telecommunications market with multiple bottlenecks which give rise to new questions of access fee regulation. In this paper we consider a model with two types of asymmetry arising from different entry timing, i.e. a larger reputation for...
Persistent link: https://www.econbiz.de/10011255994
information at the auction stage and the market competition stage. If only one license is auctioned, standard results say that the … aftermarket competition. In particular, we determine conditions under which auctions may select inefficient firms and therefore …
Persistent link: https://www.econbiz.de/10011257162
We explore the characteristics of a capacity-then-price game for a duopoly market with product differentiation and stochastic demand. The analysis shows that a minimum threshold value for the level of vertical product differentiation exists, relative to horizontal product differentiation, for...
Persistent link: https://www.econbiz.de/10011257539