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

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Giovanni Alberto Tabacco

Airline Economics

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

Giovanni Alberto Tabacco

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English

Springer International Publishing AG
23 November 2016

Economic theory & philosophy; Political economy; Business strategy; Aerospace & air transport industries

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.

By: Giovanni Alberto Tabacco
Imprint: Springer International Publishing AG
Country of Publication: Switzerland
Edition: 1st ed. 2017
Dimensions: Height: 210mm, Width: 148mm, Spine: 6mm
Weight: 454g
ISBN: 9783319467283
ISBN 10: 331946728X
Pages: 78
Publication Date: 23 November 2016
Audience: Professional and scholarly , Undergraduate
Format: Hardback
Publisher's Status: Active

Giovanni Alberto Tabacco is Assistant Professor of Economics at Swansea University School of Management, UK. Prior to this he worked in the Economics Department of the University of Bologna, Italy. His research interests include industrial organization, experimental economics and competition policy, and competition economics.