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

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.

List of contents

1. Introduction.- 2. Airline City Pair Market as Natural Oligopolies.- 3. Market Size, Firm Numbers and Market Share Asymmetry.- 4. Entry and Market Sharing Agreements in the U.S. Airline Industry.- 5. Conclusion.

Product details

• Authors: Giovanni Alberto Tabacco
• Publisher: Springer, Berlin
• Languages: English
• Product format: Hardback
• Released: 23.11.2016
• EAN: 9783319467283
• ISBN: 978-3-31-946728-3
• No. of pages: 78
• Dimensions: 152 mm x 218 mm x 10 mm
• Weight: 225 g
• Illustrations: XV, 78 p. 5 illus.
• Subjects: Social sciences, law, business > Business > Economics; Management, C, Leadership, Business Strategy/Leadership, Tourism, Economic theory & philosophy, Economics and Finance, Economic Theory, Regional Studies, Political Economy, business strategy, Industries, Regional/Spatial Science, Industrial Organization, Regional and Spatial Economics, regional economics, Tourism Management, Management science, Quantitative Economics, Spatial economics, Hospitality, leisure & tourism industries, Economic Theory/Quantitative Economics/Mathematical Methods