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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

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

Numerical Calculation of an Asymmetric Supply Function Equilibrium with Capacity Constraints

Holmberg, Pär - 2005

Producers submit committed supply functions to a procurement auction, e.g. an electricity auction, before the uncertain demand has been realized. In the Supply Function Equilibrium(SFE), every firm chooses the bid maximizing his expected profit given the bids of the competitors. In case of...

Persistent link: https://www.econbiz.de/10010321539

Some Inequalities related to the analysis of electricity auctions

Hästö, Peter; Holmberg, Pär - 2005

Most balaning markets of electric power are organized as uniform-price auctions. In 2001, the balancing market of England and Wales switched to a pay-as-bid auction with the intention of reducing wholesale electricity prices. Numerical simultations of an electricity auction model have indicated...

Persistent link: https://www.econbiz.de/10010321551

Asymmetric Supply Function Equilibrium with Constant Marginal Costs

Holmberg, Pär - 2005

In a real-time electric power auction, the bids of producers consist of committed supply as a function of price. The bids are submitted under uncertainty, before the demand by the Independent System Operator has been realized. In the Supply Function Equilibrium (SFE), every producer chooses the...

Persistent link: https://www.econbiz.de/10010321577

Comparing Supply Function Equilibria of Pay-as-Bid and Uniform-Price Auctions

Holmberg, Pär - 2005

This paper derives a Supply Function Equilibrium (SFE) of a pay-as-bid auction, also called discriminatory auction. Such an auction is used in the balancing market for electric power in Britain. For some probability distributions of demand a pure-strategy equilibrium does not exist. If demand...

Persistent link: https://www.econbiz.de/10010321609

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