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I explore the effect of the threat posed by low-cost competitors on debt structure in the airline industry. I use the route network expansion of low-cost airlines to identify routes where the probability of future entry increase dramatically. I find that when a large portion of their market is...
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provide a new evidence about their entry decisions and a toughness of competition in the market. The size of a local market to … practitioners, and by almost 40 % for pediatricians. However, after the entry of the second firm, the intensity of competition does … document that demand effect continued to grow since 2010 and in 2017 outweighed the competition effect for pharmacies. …
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