On the Extent to which the Presence of Intermediate-stop(s) Air Travel Products Influences the Pricing of Nonstop Air Travel Products

IF 0.9 4区经济学 Q3 ECONOMICS

Review of Network Economics Pub Date : 2014-09-01 DOI:10.1515/rne-2015-0023

Philip G. Gayle, Chi-Yin Wu

引用次数: 8

Abstract

Abstract Analysts of air travel markets, which include antitrust authorities, are interested in understanding the extent to which the presence of intermediate stop(s) products influences the pricing of nonstop products. This paper uses a structural econometric model to investigate the potential pricing interdependence between these two product types in domestic air travel markets. Counterfactual experiments using the estimated model suggest that in many (but far from a majority) markets the current prices of nonstop products are at least 5% lower than they would otherwise be owing to the presence of intermediate-stop(s) products.

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中途停留航空旅行产品的存在对直飞航空旅行产品定价的影响程度

航空旅行市场的分析师，包括反垄断机构，对了解中途停站产品的存在对直达产品定价的影响程度感兴趣。本文采用结构计量模型来研究国内航空旅行市场中这两种产品类型之间潜在的定价依赖关系。使用估计模型的反事实实验表明，在许多(但远不是大多数)市场中，由于中间停止产品的存在，不间断产品的当前价格至少比它们本来的价格低5%。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Review of Network Economics ECONOMICS-

CiteScore

0.90

自引率

0.00%

发文量

期刊介绍： The Review of Network Economics seeks to help policy makers, academics, and practitioners keep informed of new research and policy debate in network economics and related subjects that are relevant to the study of network industries. By publishing high quality research on topical issues relevant to network industries, it is hoped readers will be able to gain a deeper understanding of the economic issues involved and that this will improve the quality of decision making by private and public organisations, and debate among researchers. The articles can cover specific network industries, or may deal with general issues that have relevance to a number of different network industries, including topics in the economics of networks, regulation, competition law, or industrial organisation. Papers that provide insights into policy debates are especially welcome, as are up-to-date surveys, book reviews, and comments.