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frequency, passenger connecting costs, airline endogenous hub location and route structure strategic competition. We find that …
Persistent link: https://www.econbiz.de/10010225784
Which ways and means are available for the macroeconomic and fiscal coordination and/or integration within the EMU-framework? Which are the pros and cons of these scenarios? This paper combines economic theory, empirical analysis and insights regarding EMU’s institutional history in order to...
Persistent link: https://www.econbiz.de/10010227694
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/10011303861
– with a DFM and an FF component - will be applied to a comparative performance analysis of several major airports in Europe …
Persistent link: https://www.econbiz.de/10011377824
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
This paper analyzes the relative economic power position of home carriers in hub-and-spoke systems. Hub-and-spoke systems may lower costs on densely traveled routes and enable economically viable operations on less densely traveled routes. The reverse side is probably that carriers enjoy...
Persistent link: https://www.econbiz.de/10011343301
Persistent link: https://www.econbiz.de/10010191406
We posit and empirically test the hypothesis that airlines are able to charge a fare premium in markets that originate in their domestic country relative to similar markets that originate in foreign countries. To this end, we focus on intercontinental one-stop air travel trips for which the...
Persistent link: https://www.econbiz.de/10011583706
We develop a method to measure the intensity of competition between firms. Our method, which we call the Best Response …
Persistent link: https://www.econbiz.de/10011284843
This paper studies inter- and intramodal competition in the London-Paris passenger market. Using revealed preference …. The results show that competition is present in this market. Demand is elastic, and passengers are heterogeneous in their … of the Eurostar and the withdrawal of aviation alternatives indicate that competition will decline in the long-run. …
Persistent link: https://www.econbiz.de/10011378323