develop a model of airline competition, which accommodates various market structures, some ofwhich include low-cost players … rest of Europe, our statistical modelling resu1ts confirm theconclusions of the theoretical model. Competition among FSCs … appears toaffect the price levels of business and leisure segments asymmetrically. Incontrast, competition with LCCs reduces …

develop a model of airline competition, which accommodates various market structures, some of which include low-cost players … rest of Europe, our statistical modelling results confirm the conclusions of the theoretical model. Competition among FSCs … appears to affect the price levels of business and leisure segments asymmetrically. In contrast, competition with LCCs reduces …