In this study we empirically analyzed the airfare level at which most low-cost carriers (LCCs) entered the market, what impacts LCCs had on the airfares of incumbent carriers, whether the impacts differed depending on how many LCCs existed in a market and on whether LCC(s) entered a full-service...

This paper empirically analyses the patterns of inter-firm rivalry between low-cost and full service carriers by carrier and airport bases, and demonstrate welfare implication of LCC, using 1163 US cross-sectional data of 1998 when LCCs were purely no-frilled carriers. Our main findings are: (1)...

In this paper we analyze empirically the patterns of inter-firm rivalry between low-cost carriers (LCCs) and full-service carriers (FSCs) by carrier and airport base, and demonstrate what the social welfare gains were, using 1163 samples of U.S. cross-sectional data of 1998. Our main findings...