From the Fringe to the Forefront: Low Cost Carriers and Airline Price Determination

被引：30

作者：

Kwoka, John ^{[1
]}

Hearle, Kevin ^{[2
]}

Alepin, Phillippe ^{[3
]}

机构：

[1] Northeastern Univ, Dept Econ, Boston, MA 02115 USA

[2] 4527 Jamestown Rd, Bethesda, MD 20816 USA

[3] Navigant Econ, 1200 19th St NW,Suite 700, Washington, DC 20036 USA

来源：

REVIEW OF INDUSTRIAL ORGANIZATION | 2016年 / 48卷 / 03期

关键词：

Airlines; Low cost carriers; Price competition; POTENTIAL COMPETITION;

D O I：

10.1007/s11151-016-9506-3

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Low-cost carriers (LCCs) have transformed the US airline industry. They are now much larger and have moved into more direct competition with legacy carriers. This paper re-examines airline fare determination in this transformed industry. It finds that LCCs have a much larger fare impact than do legacies, but that their fare-reducing effect diminishes as they become dominant on a route. It also finds that legacy carriers primarily affect each others' prices, whereas LCCs have a significant impact on pricing by both other LCCs and legacies. These and other results suggest a new and more nuanced role for LCCs in the domestic airline industry.

引用

页码：247 / 268

页数：22

共 8 条

[1]

Bin Salam N., 2013, TRANSPORT RES REC, V2325, P1

[2]

Borenstein S., 2011, WHAT HAPPENED AIRLIN

[3] Airline competition and domestic US airfares: A comprehensive reappraisal [J].