Gagnepain, Phillipe; Marín, Pedro L. - Departamento de Economía, Universidad Carlos III de Madrid - 2009
We consider an empirical model of worldwide airline alliances that we apply to a large set of companies for the period 1995-2000. Using observations at the companies level, we estimate a cost, capacity, and demand system that accounts for cross-price elasticities. From the estimates, we shed...