This paper investigates the response of full service carriers (FSCs) to theentry of low-cost carriers (LCCs). We develop a model of airline competition, which accommodates various market structures, some ofwhich include low-cost players. Using data on published airfares ofLufthansa, British...

In this paper we investigate the herding behaviour of the Bucharest Stock Exchange (BSE), using log periodic power laws models.By analysing the behaviour of the most speculative index from the Bucharest Stock Exchange, the BET-FI, we are able to demonstrate that Log-Periodic Power Law (LPPL)...

Rational decision-making requires an assessment of all pros and cons of choice possibilities, including non-market effects such as environmental and spatial externalities. In the past decades various decision support and evaluation methods have been developed in which a market evaluation played...

Rational decision-making requires an assessment of all pros and cons of choice possibilities, including non-market effects such as environmental and spatial externalities. In the past decades various decision support and evaluation methods have been developed in which a market evaluation played...