The impacts of liberalisation on a Brazilian air shuttle market
Oliveira, Alessandro V. M. (2003) The impacts of liberalisation on a Brazilian air shuttle market. Working Paper. Coventry: University of Warwick, Department of Economics. (Warwick economic research papers).
WRAP_Oliveira_twerp676.pdf - Requires a PDF viewer such as GSview, Xpdf or Adobe Acrobat Reader
Official URL: http://www2.warwick.ac.uk/fac/soc/economics/resear...
This paper aims at assessing the impacts of recent economic liberalisation on an important subset of the Brazilian airline industry: the air shuttle market on the route Rio de Janeiro – São Paulo, a pioneer service created in 1959. In order to estimate structural relationships of the competition model, a product differentiated setting with conduct parameter was designed. Results permitted inferring about a rupture in the degree of firms' heterogeneity and in the extent of the deviation from Nash behaviour due to regulatory reform, as well as estimation of pertinent route-level cost information.
|Item Type:||Working or Discussion Paper (Working Paper)|
|Subjects:||H Social Sciences > HB Economic Theory
T Technology > TL Motor vehicles. Aeronautics. Astronautics
|Divisions:||Faculty of Social Sciences > Economics|
|Library of Congress Subject Headings (LCSH):||Airlines -- Brazil, Competition, Deregulation -- Brazil, Product differentiation, Equilibrium (Economics)|
|Series Name:||Warwick economic research papers|
|Publisher:||University of Warwick, Department of Economics|
|Place of Publication:||Coventry|
|Number of Pages:||45|
|Status:||Not Peer Reviewed|
|Access rights to Published version:||Open Access|
|References:||Airfinance Journal, Boardroom battle could force Brazilian government's hand, 2000. Coggeshall. Aviation Daily, Spanish Court Rules Against Iberia In 'Airlift' Name Battle, 2002. Washington, The McGraw-Hill Companies. Berry, S. "Airport Presence as Product Differentiation." American Economic Review, Vol. 80, No. 2, 1990, pp. 394-399. Berry, S., Carnall, M. and Spiller, P. "Airline Hubs: Costs, Markups and the Implications of Customer Heterogeneity." NBER Working Paper Series, Vol. 5561, 1996, pp. 41. Borenstein, S. "Hubs and High Fares: Dominance and Market Power in the U.S. Airline Industry" Rand Journal of Economics, Vol. 20, No. 3, 1989, pp. 344-365. Borenstein, S. and Netz, J. "Why Do All the Flights Leat at 8 am?: Competition and Departure-Time Differentiation in Airline Markets" International Journal of Industrial Organization, Vol. 17, 1999, pp. 611-640. Brander, J. and Zhang, A. "Market Conduct in the Airline Industry: An Empirical Investigation" Rand Journal of Economics, Vol. 21, 1990, pp. 567-583. Bresnahan, T. "Empirical Studies of Industries with Market Power." Handbook of Industrial Organization.edited by R. Schmalensee and R. Willig, Vol. II, Elsevier Science Publishers, Amsterdam, 1989, pp. 1012-1057. Captain, P. and Sickles, R."Competition and Market Power in the European Airline Industry: 1976-1990" Managerial and Decision Economics, Vol. 18, 1997, pp. 209-225. Dixit, A. "A Model of Duopoly Suggesting a Theory of Entry Barriers" Bell Journal of Economics, Vol. 10, No. 1, 1979, pp. 20-32. Douglas, G. and Miller, J.Economic Regulation of Domestic Air Transport: Theory and Policy, Brookings Institute, Washington, DC. Evans, W., Froeb, L. and Werden, G. "Endogeneity in the Concentration-Price Relationship: Causes, Consequences, and Cures" Journal of Industrial Economics, Vol. 41, No. 4, 1993, pp. 431-438. Evans, W. and Kessides, I. "Localized Market Power in the U.S. Airline Industry" Review of Economics and Statistics, Vol. 75, No. 1, pp. 66-75. Genesove, D. and Mullin, W. "Testing Static Oligopoly Models: Conduct and Cost in the Sugar Industry, 1890-1914" Rand Journal of Economics, Vol. 29, No. 2, 1998, pp. 355-377. Marín, P. "Competition in European Aviation: Pricing Policy and Market Structure." Journal of Industrial Economics, Vol. 43, No. 2, 1995, pp. 141-159. O'Connor, W. An Introduction to Airline Economics, 5th Edition ed.Praeger, Westport, Connecticut, 1995. Oliveira, A. "Simulating revenue management in an airline market with demand segmentation and strategic interaction" Journal of Revenue and Pricing Management, Vol. 1, No. 3, 2003. Oum, T., Zhang, A. and Zhang, Y. "Inter-Firm Rivalry and Firm-Specific Price Elasticities in Deregulated Airline Markets" Transport Economics - Selected Readings, edited by T. e. a. Oum Harwood Academic Publishers, Amsterdam, 1997, pp. 691. Porter, R. "A Study of Cartel Stability: The Joint Executive Committee, 1880-1886." Bell Journal of Economics, Vol. 14, 1984, pp. 301-314. Singh, N. and Vives, X. "Price and Quantity Competition in a Differentiated Duopoly" Rand Journal of Economics, Vol. 15, No. 4, 1984, pp. 546-554. Slade, M. Assessing Market Power in UK Brewing. Department of Economics Discussion Paper: 01/04, University of British Columbia. 2001. Teodorovic, D. "Multicriteria Ranking of Air Shuttle Alternatives" Transportation Research - B, Vol. 19B, No. 1, 1985, pp. 63-72.|
Actions (login required)