Abstract

http://ssrn.com/abstract=1757675
 
 

Footnotes (7)



 


 



Empirical Analysis of Inter‐Firm Rivalry between Japanese Full‐Service and Low‐Cost Carriers


Hideki Murakami


Kobe University

February 2011

Pacific Economic Review, Vol. 16, Issue 1, pp. 103-119, 2011

Abstract:     
This paper empirically analyzes dynamic change in inter‐firm rivalry between Japanese low‐cost carriers (LCC) and full‐service carriers, and deduces the dynamic change in consumer surplus after an LCC enters a market. Our findings are that: (i) the conduct parameters of LCC and reacting full‐service carriers were extraordinarily low when competition started; (ii) the conduct parameters were restored to, or even exceeded, the pre‐entry level in the third year of LCC entry; and (iii) gains in total welfare were recognized for five of the nine markets, whereas in three markets only the airline industry benefited, and in one market, total welfare decreased.

Number of Pages in PDF File: 17

Accepted Paper Series


Date posted: February 8, 2011  

Suggested Citation

Murakami, Hideki, Empirical Analysis of Inter‐Firm Rivalry between Japanese Full‐Service and Low‐Cost Carriers (February 2011). Pacific Economic Review, Vol. 16, Issue 1, pp. 103-119, 2011. Available at SSRN: http://ssrn.com/abstract=1757675 or http://dx.doi.org/10.1111/j.1468-0106.2010.00537.x

Contact Information

Hideki Murakami (Contact Author)
Kobe University ( email )
2-1, Rokkodai-cho, Nada-ku
Kobe, 657-8501, 657-8501
Japan
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