Market structure and competition in airline markets
F Ciliberto, C Murry, E Tamer - Journal of Political Economy, 2021 - journals.uchicago.edu
We provide an econometric framework for estimating a game of simultaneous entry and
pricing decisions while allowing for correlations between unobserved cost and demand …
pricing decisions while allowing for correlations between unobserved cost and demand …
[HTML][HTML] A survey of preference estimation with unobserved choice set heterogeneity
We provide an introduction to the estimation of discrete choice models when choice sets are
heterogeneous and unobserved to the econometrician. We survey the two most popular …
heterogeneous and unobserved to the econometrician. We survey the two most popular …
Repositioning and market power after airline mergers
We estimate a model of route‐level competition between airlines who choose whether to
offer nonstop or connecting service before setting prices. Airlines have full information about …
offer nonstop or connecting service before setting prices. Airlines have full information about …
Does competition increase quality? Evidence from the US airline industry
This paper studies the impact of competition on quality provision in the US airline industry
exploiting a novel source of exogenous variation in competition. While mergers among …
exploiting a novel source of exogenous variation in competition. While mergers among …
The welfare consequences of mergers with endogenous product choice
Merger simulations focus on the price changes that result once previously independent
competitors set prices jointly and other market participants respond. We consider the …
competitors set prices jointly and other market participants respond. We consider the …
Price competition and endogenous product choice in networks: Evidence from the us airline industry
We develop a two-stage game in which competing airlines first choose the networks of
markets to serve in the first stage before competing in price in the second stage. Spillovers in …
markets to serve in the first stage before competing in price in the second stage. Spillovers in …
Market power in the us airline industry
G Bet - Available at SSRN 3913695, 2021 - papers.ssrn.com
I document the evolution of market power in the US airline industry for the period 1990: Q1-
2019: Q4. I recover estimates of markups, defined as the ratio of price to marginal cost, at the …
2019: Q4. I recover estimates of markups, defined as the ratio of price to marginal cost, at the …
Multiple treatments with strategic substitutes
We develop an empirical framework to identify and estimate the effects of treatments on
outcomes of interest when the treatments are the result of strategic interaction (eg …
outcomes of interest when the treatments are the result of strategic interaction (eg …
[PDF][PDF] Preference estimation with unobserved choice set heterogeneity using sufficient sets
In this paper, we provide an introduction to the problems that arise in estimating discrete
choice models when choice sets are heterogeneous and unobserved to the econometrician …
choice models when choice sets are heterogeneous and unobserved to the econometrician …
Product specification under a threat of entry: Evidence from Airlines' departure times
G Bet - International Journal of Industrial Organization, 2021 - Elsevier
I examine how incumbent airlines adjust their departure times in response to the threat of
entry by Southwest Airlines. I find that incumbents space their flights more evenly throughout …
entry by Southwest Airlines. I find that incumbents space their flights more evenly throughout …