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- W605134189 abstract "When the contestability theory was first developed, it was believed that the airline industry represented the ideal case of ultra free entry. As empirical evidence mounted, it became clear that only the weak form of the theory applied. A major reason for this change was the recognition that, while entry was free in the regulatory sense, at the level of practice, problems still remained. A major contributor to restricted entry was airport capacity limitations. These shortages of capacity bestow a variety of competitive advantages on incumbent carriers. The auctioning of airport capacity is suggested as a means of increasing the contestability of the airline markets, given that it levels the playing field. The paper demonstrates that it is not feasible for financially strong carriers to attempt to use the auctions to exclude potential rivals, nor to expel competitors from the market." @default.
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- W605134189 date "1989-01-01" @default.
- W605134189 modified "2023-09-23" @default.
- W605134189 title "CONGESTION, CONCENTRATION, AND CONTESTABILITY: THE CASE OF THE AIRLINE INDUSTRY" @default.
- W605134189 hasPublicationYear "1989" @default.
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