Brander, James A.; Zhang, Anming - In: RAND Journal of Economics 21 (1990) 4, pp. 567-583
This article calculates conduct parameters (or "conjectural variations") for a set of duopoly airline routes. We estimate the mean conduct parameter for each airline and draw inferences about whether Bertrand, Cournot, or cartel models are supported by the data. Some sensitivity analysis with...