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...

In this paper, we empirically studied passengers' modal-choice behaviors to access an international hub airport from local areas. Through the data collected by using stated preference method and constructing binomial logit model, we found that passengers' modal choices were affected by the level...

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...

This paper empirically analyzes dynamic change in inter-firm rivalry betwee Japanese low-cost carriers (hereafter, LCCs) and full-service carriers (hereafter, FSCs), by estimating each carrier' s conduct parameters, and it deduces the dynamic change in consumer surplus after an LCC enters a...

This paper theoretically analyses the duopolistic behavior of two hypothetical airlines operating in a four-point hub-and-spoke route network system, and examines the impact of this behavior on economic welfare. The important character of these two airlines is that they are of different (i.e.,...

Here we test the hypothesis that commodities at their peak valuation are transported by air and those at their birth and maturity are shipped by sea, and that shippers would choose air for transporting high-valued commodities. We empirically investigated how the product lifecycle of commodities...

We analyzed the dynamic changes in carriers' airfares and outputs and computed the changes in the consumers' surplus year by year after new Japanese carriers entered thriving routes and started to compete with Japanese full-service airlines (FSAs). Using unbalanced panel data of 222...

A number of empirical studies have shown that multimarket contacts facilitate collusive behaviors between full-service carriers (FSCs) in the U.S. airline industry. This paper empirically investigates the effects of multimarket contacts on air carriers' pricing behaviors and highlights those of...

This paper analyzed the impact of the earthquake, tsunami, and explosion-disaster at the Fukushima nuclear power plant in March 2011 on a small-medium cardboard manufacturer' s production and transportation systems. We first estimated the Cobb-Douglas production function to determine the change...