An empirical model of entry and exit in airline markets |
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Authors: | Robert A Sinclair |
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Institution: | 1. J.W. Wilson Associates, Inc., 2715 ‘M’ Street, N.W., 20007, Washington, D.C., USA
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Abstract: | This article considers the effect of airline hub-and-spoke systems on the entry and exit behavior of rival firms in the U.S. airline industry. An analysis of simple entry and exit decisions provides insight into equilibrium conditions that are used to specify discrete choice econometric models. The empirical evidence indicates that hub-and-spoke network characteristics are significant determinants of entry and exit decisions in individual citypair markets. |
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