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030 Department Bulletin Papers = 本学紀要論文
*Hitotsubashi journal of commerce and management
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Identifier to cite or link to this item: https://doi.org/10.15057/19449
Identifier to cite or link to this item: https://hdl.handle.net/10086/19449
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Title
MULTIMARKET CONTACT AND MARKET POWER: A CASE OF THE U.S. AIRLINE INDUSTRY
Creator
Creator Name
MURAKAMI, HIDEKI
MURAKAMI, HIDEKI
Affiliation
Affiliation Name
Kobe University
Creator Name
ASAHI, RYOTA
ASAHI, RYOTA
Affiliation
Affiliation Name
Kobe University
Abstract
Many researchers have empirically shown that multimarket contact has had a collusive effect in the U.S. airline industry. This paper empirically analyzes the effect of multimarket contact on air carriers. pricing behaviors and the impact of market power on multimarket contact. We estimated the simultaneous demand and price (pseudo-supply) equations to derive the impacts of multimarket contact by using cross-sectional data of the year 2006 (top 30 U.S. air markets with 4484 sample observations) . We found that multimarket contact increases airfare and that if there are only full-service carriers (FSCs) in a market, the effect of multimarket contact among FSCs is enforced by their preferrence for collusion. However, if there are low-cost carriers (LCCs) in a market, the effect of multimarket contact is not enforced. We also found that in a market where LCCs have dominant market shares, multimarket contact does not necessarily result in carriers. collusive behavior. These results suggest that multimarket contact affects market performances differently depending on whether an LCC exists.
Publisher
Hitotsubashi University
Issued Date
2011-10
Language
English(eng)
Resource Type
departmental bulletin paper
Version Type
VoR
selfDOI
10.15057/19449
ISSN
0018-2796
NCID
AA00207536
Source Title
Hitotsubashi journal of commerce and management
Volume Number
45
Issue Number
1
Page Start
81
Page End
88
Appears in Collections
Vol. 45, no. 1 (Oct. 2011)
URL
https://hdl.handle.net/10086/19449
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