Author: | Fischer, T. Kamerschen, D.R. |
Title: | Price-cost margins in the US airline industry using a conjectural variation approach |
Journal: | Journal of Transport, Economics and Policy
2003 : MAY, VOL. 37:2, p. 227-259 |
Index terms: | Airlines Competition Marginal-cost pricing Oligopoly USA |
Language: | eng |
Abstract: | A reduced form model is employed to calculate price-cost margins in selected airport-pair markets originating from Atlanta, USA. It is found that conduct in most airport-pairs is consistent with the Cournot solution with deviations from this conduct both to more and less competitive behaviour. |
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