| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13346 |
| DP13346 Market Structure and Competition in Airline Markets | |
| Federico Ciliberto | |
| 发表日期 | 2018-11-30 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | We provide an econometric framework for estimating a game of simultaneous entry and pricing decisions while allowing for correlations between unobserved cost and demand shocks. We use our framework to account for selection in the pricing stage. We estimate the model using data from the US airline industry and find that not accounting for endogenous entry leads to biased estimation of demand elasticities. We simulate a merger between American and US Airways and find that product repositioning and post-merger outcomes depend on how we model the characteristics of the merged firm as a function of the pre-merger firms' characteristics. |
| 主题 | Industrial Organization |
| 关键词 | Multiple equilibria market power Self-selection Entry Oligopoly Market structure Merger |
| URL | https://cepr.org/publications/dp13346-0 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/542158 |
| 推荐引用方式 GB/T 7714 | Federico Ciliberto. DP13346 Market Structure and Competition in Airline Markets. 2018. |
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