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This paper mainly studies the effect of deregulation on prices and quantity. For this aim, we employ cointegration … methodology with structural breaks to empirically investigate the simultaneous relationship between deregulation, ticket prices …, and the number of passengers in the Turkish airline industry. The findings confirm that deregulation increases quantity …
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This paper analyzes the relative economic power position of home carriers in hub-and-spoke systems. Hub-and-spoke systems may lower costs on densely traveled routes and enable economically viable operations on less densely traveled routes. The reverse side is probably that carriers enjoy...
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What is a good balance between competition and coordination in network industries? Network unbundling aims to promote competition, but this has to be balanced against the downside of unbundling: firm-internal coordination falls away and must be replaced by external market mechanisms. This is a...
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