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| Author: | Evans, W. Kessides, I. |
| Title: | Localized market power in the US airline industry |
| Journal: | Review of Economics and Statistics
1993 : FEB, VOL. 75:1, p. 66-75 |
| Index terms: | USA AIRCRAFT INDUSTRY AIRLINES POWER |
| Language: | eng |
| Abstract: | This paper tests whether the observed dominance of most city-pair markets and airports in the US domestic airline industry by single carriers confers any pricing power on the dominant firms. The results of fixed-effects estimation indicate that airport dominance by a carrier does confer upon it substantial pricing power, whereas dominance at the route level seems to confer no such pricing power. Additionally, the authors find a positive, yet small, correlation between both route concentration, and price and airport concentration and price. |
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