Description
Airline Economics, Softcover reprint of the original 1st ed. 2017
An Empirical Analysis of Market Structure and Competition in the US Airline Industry
Author: Tabacco Giovanni Alberto
Language: EnglishSubjects for Airline Economics:
58.01 €
In Print (Delivery period: 15 days).
Add to cart the print on demand of Tabacco Giovanni AlbertoPublication date: 11-2016
Support: Print on demand
58.01 €
In Print (Delivery period: 15 days).
Add to cart the print on demand of Tabacco Giovanni AlbertoPublication date: 06-2018
Support: Print on demand
Description
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This book presents an original empirical investigation of the market structure of airline city pair markets, shedding new light on the workings of competitive processes between firms. Examining a cross-section of US airline city pairs, Tabacco proposes for the first time that the industry can be understood as a natural oligopoly, each airline market being dominated by one to three airline carriers regardless of market size. The author questions the extent to which airlines deliberately prevent head-to-head competition within city pair markets, and draws intriguing conclusions about competitive forces from the observed market structure. Uncovering some of the main corporate strategies of the airline industry, the book is of immediate relevance to industry managers and practitioners, as well as academic economists.
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