Ivaldi, Marc; Petrova, Milena; Urdanoz, Miguel - C.E.P.R. Discussion Papers - 2015
. The assumption that airlines compete on price allows us to take advantage of the observational equivalence between … Bertrand competition and the reverse English auction. We then apply an MLE method, developed by Paarsch (1997) for estimating … to be 4.3 percent higher, which is likely related to more effcient revenue management practice by alliance partners …