Zhang, Qiong; Yang, Hangjun; Wang, Qiang; Zhang, Anming - In: Transportation Research Part A: Policy and Practice 64 (2014) C, pp. 1-13
This paper first measures the degree of Chinese airlines’ market power by using Lerner index, and then investigates its determinants. Our empirical results show that a certain degree of market power exists in the Chinese airline industry. Of the three dominant carriers, Air China exhibits the...