Airline Market Power and Intertemporal Price Dispersion.
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| Title: | Airline Market Power and Intertemporal Price Dispersion. |
|---|---|
| Authors: | Gaggero, Alberto A.1, Piga, Claudio A.2 |
| Source: | Journal of Industrial Economics. Dec2011, Vol. 59 Issue 4, p552-577. 26p. |
| Subjects: | Airline industry, Empirical research, Industrial organization (Economic theory), Market prices, Price discrimination, Economic competition |
| Geographic Terms: | Ireland |
| Abstract: | This paper analyzes the empirical relationship between market structure and price dispersion in the airline markets connecting the U.K. and the Republic of Ireland. Price dispersion is measured by the Gini coefficient, calculated using fares posted on the Internet at specific days before takeoff. We control for passengers' heterogeneity in their purpose of travel, as well as for such peak periods as Christmas and Easter. Our finding of a negative correlation between competition and price dispersion suggests that competition is likely to hinder the airlines' ability to price discriminate, although this effect appears to be lessened in peak periods. [ABSTRACT FROM AUTHOR] |
| Copyright of Journal of Industrial Economics is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) | |
| Database: | Engineering Source |
| FullText | Links: – Type: pdflink Text: Availability: 0 |
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| Header | DbId: egs DbLabel: Engineering Source An: 69733847 AccessLevel: 6 PubType: Academic Journal PubTypeId: academicJournal PreciseRelevancyScore: 0 |
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| Items | – Name: Title Label: Title Group: Ti Data: Airline Market Power and Intertemporal Price Dispersion. – Name: Author Label: Authors Group: Au Data: <searchLink fieldCode="AR" term="%22Gaggero%2C+Alberto+A%2E%22">Gaggero, Alberto A.</searchLink><relatesTo>1</relatesTo><br /><searchLink fieldCode="AR" term="%22Piga%2C+Claudio+A%2E%22">Piga, Claudio A.</searchLink><relatesTo>2</relatesTo> – Name: TitleSource Label: Source Group: Src Data: <searchLink fieldCode="JN" term="%22Journal+of+Industrial+Economics%22">Journal of Industrial Economics</searchLink>. Dec2011, Vol. 59 Issue 4, p552-577. 26p. – Name: Subject Label: Subjects Group: Su Data: <searchLink fieldCode="DE" term="%22Airline+industry%22">Airline industry</searchLink><br /><searchLink fieldCode="DE" term="%22Empirical+research%22">Empirical research</searchLink><br /><searchLink fieldCode="DE" term="%22Industrial+organization+%28Economic+theory%29%22">Industrial organization (Economic theory)</searchLink><br /><searchLink fieldCode="DE" term="%22Market+prices%22">Market prices</searchLink><br /><searchLink fieldCode="DE" term="%22Price+discrimination%22">Price discrimination</searchLink><br /><searchLink fieldCode="DE" term="%22Economic+competition%22">Economic competition</searchLink> – Name: SubjectGeographic Label: Geographic Terms Group: Su Data: <searchLink fieldCode="DE" term="%22Ireland%22">Ireland</searchLink> – Name: Abstract Label: Abstract Group: Ab Data: This paper analyzes the empirical relationship between market structure and price dispersion in the airline markets connecting the U.K. and the Republic of Ireland. Price dispersion is measured by the Gini coefficient, calculated using fares posted on the Internet at specific days before takeoff. We control for passengers' heterogeneity in their purpose of travel, as well as for such peak periods as Christmas and Easter. Our finding of a negative correlation between competition and price dispersion suggests that competition is likely to hinder the airlines' ability to price discriminate, although this effect appears to be lessened in peak periods. [ABSTRACT FROM AUTHOR] – Name: AbstractSuppliedCopyright Label: Group: Ab Data: <i>Copyright of Journal of Industrial Economics is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.) |
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| RecordInfo | BibRecord: BibEntity: Identifiers: – Type: doi Value: 10.1111/j.1467-6451.2011.00467.x Languages: – Code: eng Text: English PhysicalDescription: Pagination: PageCount: 26 StartPage: 552 Subjects: – SubjectFull: Airline industry Type: general – SubjectFull: Empirical research Type: general – SubjectFull: Industrial organization (Economic theory) Type: general – SubjectFull: Market prices Type: general – SubjectFull: Price discrimination Type: general – SubjectFull: Economic competition Type: general – SubjectFull: Ireland Type: general Titles: – TitleFull: Airline Market Power and Intertemporal Price Dispersion. Type: main BibRelationships: HasContributorRelationships: – PersonEntity: Name: NameFull: Gaggero, Alberto A. – PersonEntity: Name: NameFull: Piga, Claudio A. IsPartOfRelationships: – BibEntity: Dates: – D: 01 M: 12 Text: Dec2011 Type: published Y: 2011 Identifiers: – Type: issn-print Value: 00221821 Numbering: – Type: volume Value: 59 – Type: issue Value: 4 Titles: – TitleFull: Journal of Industrial Economics Type: main |
| ResultId | 1 |
