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. The turmoil in the U.S. airline industry has triggered much of the public policy discussion, as some observers have argued … and their rivals. The data suggest that an airline's prices typically decline somewhat before it files for bankruptcy … bankrupt airline lower their prices, however, nor that they lose passengers to their bankrupt rival. These results indicate …
Persistent link: https://www.econbiz.de/10012473846
a route averages thirty-six percent of the airline's average ticket price on the route. The pattern of price dispersion …This papers analyzes dispersion in the prices that an airline charges to different customers on the same route. Such … variation in airlines fares is substantial: the expected absolute difference in fares between two of an airline's passengers on …
Persistent link: https://www.econbiz.de/10012475215
We introduce a model of oligopoly dynamic pricing where firms with limited capacity face a sales deadline. We establish conditions under which the equilibrium is unique and converges to a system of differential equations. Using unique and comprehensive pricing and bookings data for competing...
Persistent link: https://www.econbiz.de/10013362001
last decade. More than 30 years after domestic airline markets were deregulated, the dismal financial record is a puzzle … even as their price differentials have greatly declined …
Persistent link: https://www.econbiz.de/10012461914
We study how organizational boundaries affect pricing decisions using comprehensive data from a large U.S. airline. We …
Persistent link: https://www.econbiz.de/10012696417
Following a brief review of the U.S. domestic airline industry under regulation (1938-1978), we study the changes that … public policy issues facing the industry: (a) the sustainability of competition and volatility of airline profits, (b …
Persistent link: https://www.econbiz.de/10012465197
The airline industry's current financial crisis has raised concerns over the ramifications of airline bankruptcies for … air service offered, not the number of flights offered by a particular airline. We study all major U.S. airline … recognizing that competing airlines may increase service in response to a reduction in flights by a bankrupt airline. We do not …
Persistent link: https://www.econbiz.de/10012469062
We estimate a model of service choice and price competition in airline markets, allowing for the carriers that provide …
Persistent link: https://www.econbiz.de/10012453499
Airline transport generates a growing share of global greenhouse gas emissions but as of late 2016, this sector has not … have invested in human and physical capital and an inventory of parts to maintain these vehicles. Each airline chooses …
Persistent link: https://www.econbiz.de/10012455850
large price declines that are observed in the data …
Persistent link: https://www.econbiz.de/10012458374