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pricing that captures a number of these features. The model in particular reflects (1) that airlines typically have market …
Persistent link: https://www.econbiz.de/10010324757
-speed rail, hub and spoke legacy airlines and low cost carriers, maximize profit functions via prices, frequency and train …
Persistent link: https://www.econbiz.de/10010325992
airlines, the merger is less detrimental to the frequency, possibly because the merger removes serial marginalization in the … decrease the frequency more, possibly due to a larger effect on the market structure. When the merging airlines control all the …
Persistent link: https://www.econbiz.de/10011819472
delay occurrence. Hence, larger airlines seem to offer a higher quality in terms of delays. We also find that an origin …
Persistent link: https://www.econbiz.de/10011819492
competition on advance purchase discounts (APDs) and the dynamic pricing of airlines by exploiting plausibly exogenous changes in … the flight schedules of airlines that occur during the booking period. We find strong support for the theoretical …
Persistent link: https://www.econbiz.de/10012427142
This paper examines how a firm can strategically choose its capacity to manipulate consumer beliefs about aggregate demand. It looks at a market with social effects where consumers want to do what is popular, to buy what they believe others want to buy. By imposing a capacity constraint and...
Persistent link: https://www.econbiz.de/10010325821
The main contribution of entrepreneurship theory to economics is to provide an account of market performance in disequilibrium but little empirical research has examined firm entry and exit in this context. We redress this by modelling the interrelationship between firm entry and exit in...
Persistent link: https://www.econbiz.de/10010325884
This paper conducts the first general equilibrium analysis of the role of entry, exit and profits in industry dynamics. The benefit of our model is twofold. First, to discriminate between entrants’ role of performing the entrepreneurial function of creating disequilibrium and the conventional...
Persistent link: https://www.econbiz.de/10010326013
The main contribution of entrepreneurship theory to economics is to provide an account of market performance in disequilibrium but little empirical research has examined firm entry and exit in this context. We redress this by modelling the interrelationship between firm entry and exit in...
Persistent link: https://www.econbiz.de/10012719685
This paper conducts the first general equilibrium analysis of the role of entry, exit and profits in industry dynamics. The benefit of our model is twofold. First, to discriminate between entrants' role of performing the entrepreneurial function of creating disequilibrium and the conventional...
Persistent link: https://www.econbiz.de/10014198706