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Airline Economics - An Empirical Analysis of Market Structure and Competition in the US Airline Industry (Paperback, Softcover reprint of the original 1st ed. 2017)
Loot Price: R1,767
Discovery Miles 17 670
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Airline Economics - An Empirical Analysis of Market Structure and Competition in the US Airline Industry (Paperback, Softcover reprint of the original 1st ed. 2017)
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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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