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- W2169154885 abstract "Monopolistic competition is one of four basic models used to explain and evaluate resource allocation activities within industries. Perfect (or pure) competition is the ideal standard by which to judge resource allocation processes. However, it is an ideal seldom achieved. There are many examples of monopolies and oligopolies that deviate substantially from the standard and thereby cause resource misallocations. Monopolistic competition, on the other hand, deviates least from the ideal and consequently provides more preferred outcomes in terms of quantities supplied unit costs and prices. Thailand’s internal budget air services industry conforms reasonably closely to the specifics of the monopolistic competition model. The industry contributes to the Thai economy by offering a substantial number of flights to internal destinations at relatively low costs (and prices), an advantage for both Thai non-commercial and business travelers. The industry is also an important component to the Kingdom’s important tourist sector. Three carriers form the industry’s score (Nok, One-Two-Go and Air Asia) while others are less active participants (Silk, Mandalay, Tiger) and these firms combine to contribute to the well-being of Thai people. Their contribution to the Kingdom’s economic growth is evidence that Thailand’s 1991 airline deregulation measures was an example of wise public policy-making." @default.
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- W2169154885 date "2008-01-01" @default.
- W2169154885 modified "2023-09-24" @default.
- W2169154885 title "Monopolistic Competition Among Thailand's Internal Budget Airlines" @default.
- W2169154885 hasPublicationYear "2008" @default.
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