Dai, Mian; Liu, Qihong; Serfes, Konstantinos - In: The Review of Economics and Statistics 96 (2014) 1, pp. 161-170
We investigate the effect of competition on price dispersion in the airline industry. Using panel data from 1993 to 2008, we find a nonmonotonic effect of competition on price dispersion. An increase in competition is associated with greater price dispersion in concentrated markets but with less...
