THE CONTESTABILITY OF AIRLINE MARKETS DURING THE TRANSITION TO DEREGULATION. IN: AIR TRANSPORT
THE CONTESTABILITY OF AIRLINE MARKETS DURING THE TRANSITION TO DEREGULATION. IN: AIR TRANSPORT
复制标题
放松管制过渡期间航空市场的竞争性。
DOI：
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发表时间：
1981
期刊：
影响因子：
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通讯作者：
J. Panzar
中科院分区：
文献类型：
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作者：
E. Bailey;J. Panzar
本文研究了该理论是否适用于城市对航空公司的市场，不稳定的市场，即使实际上只有一个公司，表现出竞争市场的许多可取的属性。尽管存在实质性的自然垄断属性，但大多数航空公司可能随时会受到竞争。这一事实确保，即使实际上只有一家公司经营，它们的业绩也应该接近竞争标准。本文测试这一理论使用的数据出现在正在进行的过渡，从管制到无管制的均衡。1978-1980年的市场结构和票价数据进行了研究。研究结果表明，本地服务供应商提供的长途航空公司市场的定价具有竞争力，证实了所提出的理论。
This paper investigates whether the theory holds true for city-pair airline markets that contestable markets, even if actually served by only one firm, exhibit many desirable properties of competitive markets. Despite substantial natural monopoly attributes, most airlines are likely to be readily contested. This fact ensures that even if actually operated by only a single firm, their performance should approach the competitive norm. This paper tests this theory using data emerging from the ongoing transition from regulated to unregulated equilibrium. Market structure and fare data from 1978-1980 is examined. Findings show that long haul airline markets served by local service monopolists have been priced competitively, confirming the proposed theory.