This paper presents a theoretical and empirical analysis of the relationship between frequency of scheduled transportation services and their substitutability with personal transportation, using distance as a proxy. We study the interaction between a monopoly fi rm providing a high-speed...

Platforms in two-sided markets are known to provide subsidies to either buyers or sellers, in order to take advantage of cross-group externalities inherent in such industries. Online travel agents can be thought of as platforms facilitating trade between passengers and travel service providers...

This paper analyzes conditions for co-existence of hub-and-spoke and point-to-point networks in the airline industry, in which case passengers are segmented between the non-stop and one-stop services. In the baseline model, the monopoly airline's ability to segment the market and effectively set...

This paper rationalizes the use of discounted refundable advance purchase tickets and advance purchase restrictions in context of models with costly capacity and aggregate demand uncertainty. We show how a monopolist on such markets can improve upon pricing mechanisms, previously proposed in the...