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A Model of Dynamic Limit Pricing with an Application to the Airline Industry

Gedge, Chris - 2014

The one-shot nature of most theoretical models of strategic investment, especially those based on asymmetric information, limits our ability to test whether they can fit the data. We develop a dynamic version of the classic Milgrom and Roberts (1982) model of limit pricing, where a monopolist...

Persistent link: https://www.econbiz.de/10013050311

Entry, Contestability, and Deregulated Airline Markets : an Event Study Analysis of People Express

Whinston, Michael D.; Collins, Scott C. - 2021

A number of recent papers have studied the relationship between price and market structure in the deregulated airline industry through a cross-sectional analysis of city-pair markets. Yet, while interesting, several potential difficulties underlie the inferences drawn in these analyses. In this...

Persistent link: https://www.econbiz.de/10013218106

How Do Incumbents Respond to the Threat of Entry? Evidence from the Major Airlines

Goolsbee, Austan; Syverson, Chad - 2005

We examine how incumbents respond to the threat of entry by competitors (as distinct from how they respond to actual entry). We look specifically at passenger airlines, using the evolution of Southwest Airlines' route network to identify particular routes where the probability of future entry...

Persistent link: https://www.econbiz.de/10014067375

How Airline Markets Work...Or Do They? Regulatory Reform in the Airline Industry

Borenstein, Severin - 2007

have occurred in pricing, service, and competition in the 28 years since deregulation. We then examine some of the major …

Persistent link: https://www.econbiz.de/10012775910

Entry Regulation as a Barrier to Entrepreneurship

Klapper, Leora F. - 2004

Using a comprehensive database of European firms, we study the effect of market entry regulations on the creation of new limited-liability firms, the average size of entrants, and the growth of incumbent firms. We find that costly regulations hamper the creation of new firms, especially in...

Persistent link: https://www.econbiz.de/10012785782

Market Reforms in the Time of Imbalance

Cacciatore, Matteo - 2016

business cycle conditions at the time of deregulation significantly affect adjustment. A reduction of firing costs entails …

Persistent link: https://www.econbiz.de/10012994915

These are the Good Old Days : Foreign Entry and the Mexican Banking System

Haber, Stephen - 2013

In 1997, the Mexican government reversed long-standing policies and allowed foreign banks to purchase Mexico's largest commercial banks and relaxed restrictions on the founding of new, foreign-owned banks. The result has been a dramatic shift in the ownership structure of Mexico's banks. For...

Persistent link: https://www.econbiz.de/10013088399

Banking Deregulations, Financing Constraints, and Firm Entry Size

Kerr, William - 2014

We examine the effect of US branch banking deregulations on the entry size of new firms using micro-data from the US Census Bureau. We find that the average entry size for startups did not change following the deregulations. However, among firms that survived at least four years, a greater...

Persistent link: https://www.econbiz.de/10013070600

Input Constraints and the Efficiency of Entry : Lessons from Cardiac Surgery

Cutler, David M. - 2010

Prior studies suggest that, with elastically supplied inputs, free entry may lead to an inefficiently high number of firms in equilibrium. Under input scarcity, however, the welfare loss from free entry is reduced. Further, free entry may increase use of high-quality inputs, as oligopolistic...

Persistent link: https://www.econbiz.de/10013151395

Deregulation, Misallocation, and Size : Evidence from India

Alfaro, Laura - 2014

This paper examines the impact of the deregulation of compulsory industrial licensing in India on firm-size dynamics … and the reallocation of resources within industries over time. Following deregulation, we find that the extent of resource … regressions reveal that the distributional effects of deregulation on firm size are significantly non-linear. The size …

Persistent link: https://www.econbiz.de/10013064852

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