Murakami, Hideki; Amano, Yoshihisa; Asahi, Ryota - In: Journal of Air Transport Management 44-45 (2015), pp. 25-33
This paper analyzes the dynamic changes in carriers' airfares and outputs and computes the change in the consumers' surplus year by year after new Japanese carriers entered thriving routes and started to compete with Japanese full-service airlines. Using unbalanced panel data from 222 routes and...