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- W2016503373 abstract "This paper proposes an alternative approach to the study of competitive structure in deregulated airline markets that avoids some of the weaknesses of previous studies. This approach uses reactions of incumbent airlines' stock prices to announcements of entry by People Express to shed light on competitive structure. These stock reactions reveal significant route-specific profits or sunk costs and also provide evidence on the degree of competitive localization present in the industry. The conclusions emerging from this analysis are corroborated by an examination of price, sales quantity and schedule changes that followed People Express entry." @default.
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- W2016503373 title "Entry and Competitive Structure in Deregulated Airline Markets: An Event Study Analysis of People Express" @default.
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- W2016503373 doi "https://doi.org/10.2307/2555899" @default.
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