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Persistent link: https://www.econbiz.de/10003705992
This paper studies the regulation of an airline duopoly on a congested airport. Regulation should then address two market failures: uninternalized congestion, and overpricing due to market power. We find that first-best charges are differentiated over airlines if asymmetric, and completely drive...
Persistent link: https://www.econbiz.de/10011374411
Persistent link: https://www.econbiz.de/10010191406
In densely-populated countries and in particular in large metropolitan areas, the presence of so much human activity causes all sorts of negative externalities, for example traffic noise disturbance. These externalities call for corrective measures by the government. Economists have developed a...
Persistent link: https://www.econbiz.de/10011376616
increase with the intensity of competition. We develop a new measure of competition for which we use the proximity (in … departure time) of a given flight to its competitors to infer the intensity of competition and estimate the impact of … competition on advance purchase discounts (APDs) and the dynamic pricing of airlines by exploiting plausibly exogenous changes in …
Persistent link: https://www.econbiz.de/10012251366
We are concerned with trade in transport services (not cabotage butrather international shipping, transport,and related logistical services) and the importance of competitionand market structure in the sector. Weexamine implications of liberalization for profits, trade, andnational gains from...
Persistent link: https://www.econbiz.de/10011303874
We extend the models in ("Competition in two-sided markets" of Armstrong (2006, Rand Journal of Economics) by adding …
Persistent link: https://www.econbiz.de/10011295713
Persistent link: https://www.econbiz.de/10003408874
Railway networks are characterised by variations in demand on different links. Optimal strategies therefore call for a differentiated treatment of fares, frequencies and vehicle sizes in various links. However, for several reasons, railway operators may apply uniform levels for these decision...
Persistent link: https://www.econbiz.de/10011350362
When products are sold in advance, i.e. prior to consumption, consumers trade off an early, uninformed purchase at a low price against a late, informed purchase at a high price. This paper considers the effect of market structure on the prevalence of advance selling. We show that in an...
Persistent link: https://www.econbiz.de/10011446893