Assessment of unfair competitive practices in airline markets has traditionally been based on the analysis of changes in average fares, revenue and traffic following low-fare entry. This paper demonstrates the severe limitations of using such measures. In particular, our case studies show that...

Assessment of unfair competitive practices in airline markets is typically based on the analysis of changes in aggregate measures of airline performance, such as average fares, traffic and revenues. Simulation results show that these measures can be greatly affected by the competitive revenue...