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Low cost carrier growth in the US airline industry: Past, present, and future

Ito, Harumi; Lee, Darin - 2003

This paper documents the growth of low cost carriers (LCCs) in the U.S. airline industry since 1990. By estimating simple probit models, we quantify the market characteristics which have influenced nonstop LCC entry in 351 city-pair markets over the past decade. We confirm that pre-entry market...

Persistent link: https://www.econbiz.de/10010318882

Incumbent responses to lower cost entry: Evidence from the US airline industry

Ito, Harumi; Lee, Darin - 2003

This paper analyzes the responses of incumbent hub-and-spoke carriers to low cost carrier (LCC) entry on routes served to and from their hubs over the past decade. Our analysis finds that the typical price and capacity response by incumbent hub-and-spoke carriers to LCC entry has been fairly...

Persistent link: https://www.econbiz.de/10010318943

India-Pakistan trade: A case study of the pharmaceutical sector

Ahmed, Vaqar; Batool, Samavia - 2014

trade between India and Pakistan. We explain the comparative advantages of both countries at a disaggregated level, followed … to trade with India. We find that a gradual opening up of pharmaceutical trade with India may allow Pakistan to enhance …

Persistent link: https://www.econbiz.de/10011807697

India-Pakistan trade: Perspectives from the automobile sector in Pakistan

Ahmed, Vaqar; Batool, Samavia - 2015

The auto sector in Pakistan has been a persistent opponent of trade liberalisation in the country. This has entailed …

Persistent link: https://www.econbiz.de/10011807699

Banking on deposit relationships: Implications for hold-up problems in the loan market

Cao, Jin; Garcia-Appendini, Emilia; Huylebroek, Cédric - 2024

Theory suggests that by lending to a firm, inside banks gain an informational advantage over non-lender outside banks. This informational gap hinders borrowers from switching lenders due to a winner's curse faced by competing outside banks, leading to hold-up problems. In this paper, we show...

Persistent link: https://www.econbiz.de/10015195464

Acquisitions versus entry: The evolution of concentration

Aydemir, Zava; Schmutzler, Armin - 2002

We consider market dynamics in a reduced form model. In the simplest version, there are two investors and several small noninvesting firms. In each period, one investor can acquire a small firm, the other investor decides about market entry. After that all firms play an oligopoly game. We derive...

Persistent link: https://www.econbiz.de/10010315536

Heterogeneous Firms, the Structure of Industry & Trade under Oligopoly

Bekkers, Eddy; Francois, Joseph Francis - 2008

the impact of globalization on markups and pricing, concentration, and productivity. The model nests two workhorse trade … models, the Brander & Krugman reciprocal dumping model and the Ricardian technology-based trade model, as special cases. We … of zero trade flows and the pattern of export prices, and on cross-country and industry variations in industrial …

Persistent link: https://www.econbiz.de/10010294858

Market Structure and Market Performance in E-Commerce

Hackl, Franz; Kummer, Michael E.; Winter-Ebmer, Rudolf; … - 2012

We investigate the causal effect of market structure on market performance in the consumer electronics. We combine data from Austria's largest online site for price comparisons with retail data on wholesale prices provided by a major hardware producer for consumer electronics. We observe input...

Persistent link: https://www.econbiz.de/10010294886

Price response, asymmetric information, and competition

Sherman, Joshua; Weiss, Avi - 2012

We compare predictions from a theoretical model based on the structure of the main outdoor retail market in Jerusalem with the results of an empirical analysis of price response to changes in cost. We find that firms without adjacent competition exhibit both upward and downward price rigidity,...

Persistent link: https://www.econbiz.de/10010336014

Bank panics, government guarantees, and the long-run size of the financial sector: Evidence from free-banking America

Chabot, Benjamin; Moul, Charles C. - 2013

Governments often attempt to increase the confidence of financial market participants by making implicit or explicit guarantees of uncertain credibility. Confidence in these guarantees presumably alters the size of the financial sector, but observing the long-run consequences of failed...

Persistent link: https://www.econbiz.de/10010352182