Ownership and pricing response to entry

被引：0
|
作者：
Liu, Zexuan [1 ]
机构：
[1] Tianjin Univ Finance & Econ, 25 Zhujiang Rd, Tianjin, Peoples R China
来源：
ECONOMICS LETTERS | 2020年 / 186卷
关键词：
Firm ownership; Pricing response; Incumbent;
D O I：
10.1016/j.econlet.2019.108843
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
I explore state-owned and privately-owned incumbents' differential pricing responses to low cost carrier (LCC) entry in the international airline market. I find that privately-owned incumbents substantively cut prices in response to LCC entry, whereas state-owned incumbents do not. The differential responses of state-owned vs. privately-owned is more considerable on the slot-restricted routes, where incumbents have monopolistic power. In addition, Chinese airlines and Gulf carriers who are aggressively expanding behave differently from other state-owned carriers. (C) 2019 Elsevier B.V. All rights reserved.
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页数：4
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