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Traditional analysis of multi-point competition suggests that firms compete less intensely with one another when they have strategic contacts across multiple markets. However, this mutual forbearance argument has not incorporated production cost differences between firms as moderating factors....
Persistent link: https://www.econbiz.de/10010990166
This paper examines the impact of firm financial distress and bankruptcy on an airline's pricing behaviour. Three theoretical rationales are set forth: the supply-side rationale suggests that the bankrupt firm's lower operating costs may result in lower prices; from a demand perspective,...
Persistent link: https://www.econbiz.de/10004987993
An examination is conducted on the effects of three airport barriers to entry - slot controls, gate constraints, and gate utilisation during peak operating periods - on both yields and entry in the US airline industry.Data aregathered on allentries into thetop 500 US non-stop city pair markets...
Persistent link: https://www.econbiz.de/10004988052