Murakami, Hideki; Amano, Yoshihisa; Asahi, Ryota - In: Journal of Air Transport Management 44-45 (2015), pp. 25-33
-service airlines. Using unbalanced panel data from 222 routes and carrier specific sample observations, it finds that new carriers … discounted airfares significantly as soon as they entered new markets, but two early carriers, Skymark Airlines and AIRDO, which … Airlines responded to the new entrants and lowered their airfares to a much lesser extent than the new entrants did, and their …