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Airline Economics

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

  • Giovanni Alberto¬†Tabacco

Table of contents

  1. Front Matter
    Pages i-xv
  2. Giovanni Alberto Tabacco
    Pages 1-5
  3. Giovanni Alberto Tabacco
    Pages 7-34
  4. Giovanni Alberto Tabacco
    Pages 35-48
  5. Giovanni Alberto Tabacco
    Pages 73-75
  6. Back Matter
    Pages 77-78

About this book

Introduction

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.

Giovanni Tabacco is Assistant Professor of Economics at Swansea University School of Management, Wales. 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.

Keywords

Market structure Industrial economics Competition Airline industry Market share aymmetrics Territory allocation Transport Economics Managerial economics Corporate strategy

Authors and affiliations

  • Giovanni Alberto¬†Tabacco
    • 1
  1. 1.Swansea University SwanseaUnited Kingdom

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-46729-0
  • Copyright Information The Editor(s) (if applicable) and The Author(s) 2017
  • Publisher Name Palgrave Macmillan, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-319-46728-3
  • Online ISBN 978-3-319-46729-0
  • Buy this book on publisher's site