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Recent code-share agreements among major US airlines represent a significant development in the airline industry, as these agreements allow the partner airlines to sell seats on each other's flights across the US. In this paper, we examine with original data how prices and passenger volumes were...
Persistent link: https://www.econbiz.de/10014060564
This paper investigates the consumer welfare consequences of the recent code-share agreement between Continental Airlines and Northwest Airlines. We develop a discrete choice model based on individual flight characteristics. This structural model recognizes that consumers i) may have...
Persistent link: https://www.econbiz.de/10014060565
We empirically analyze exchanges of cost information in a multimarket oligopoly model for the airline industry with entry and incomplete information on marginal costs. We develop an algorithm to solve the Nash equilibrium numerically. We estimate the structural model of supply decisions using...
Persistent link: https://www.econbiz.de/10014104416