Click Here to Download: https://ouo.io/y3CAeR Airline Economics An Empirical Analysis of Market Structure and Competition in the US Airline Industry By: Giovanni Alberto Tabacco Publisher: Palgrave Macmillan Print ISBN: 9783319467283, 331946728X eText ISBN: 9783319467290, 3319467298 Copyright year: 2017 Format: PDF Available from $ 69.99 USD SKU 9783319467290 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.
