Airline Economics

An Empirical Analysis of Market Structure and Competition in the US Airline Industry

5bb8088be281a.jpg Author Giovanni Alberto Tabacco
Isbn 9783319467283
File size 2.51MB
Year 2017
Pages 78
Language English
File format PDF
Category Business

Book Description:

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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