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Working Paper
The effects of competition on price dispersion in the airline industry: a panel analysis
This paper analyzes the effects of market structure on price dispersion in the airline industry, using panel data from 1993 through 2006. The results found in this paper contrast with those of Borenstein and Rose (1994), who found that price dispersion increases with competition. We find that competition has a negative effect on price dispersion, in line with the textbook treatment of price discrimination. Specifically, the effects of competition on price dispersion are most significant on routes that we identify as having consumers characterized by relatively heterogeneous elasticities of ...
Journal Article
Noteworthy: Airlines: Texas carriers fly fuller; mergers ahead
Texas-based Southwest Airlines and American Airlines have seen more passengers and fuller planes this year. Carriers experienced a summer of increased demand and strong profit growth as the U.S. airline industry healed from the recession and a rough 2009. Resurgent business travel paced the revenue and profit increases. ; Mergers promise change for Texas' airline industry. Southwest plans to take over AirTran Holdings Inc. of Atlanta and keep corporate operations in Dallas, while Houston-based Continental Airlines Inc. merged with Chicago's UAL Corp. on Oct. 1 and began relocating corporate ...
Journal Article
First flight centennial
Journal Article
Airline deregulation: boon or bust?
An examination of the benefits and problems that have resulted from deregulation of the airline industry, with recommendations for public policy changes to preserve the benefits and to mitigate the problems.
Journal Article
Regional airports: Fasten your seatbelt
Journal Article
Taking off: Discount airlines transform flying
Journal Article
Common descent
Flight delays common at large airports also afflict regional airports in the district.
Journal Article
Competition, concentration and fares in the U.S. airline industry
An examination of the true state of competition and concentration in the airline industry by taking into account the function and effects of the hub-and-spoke networks that have developed in the market.
Working Paper
The determinants of airport hub locations, service, and competition
Although the airline industry has been studied extensively since passage of the Airline Deregulation Act of 1978, relatively little effort has gone into examining how hub location affects the level of service and degree of competition found at airports in the system. To help close this gap, we investigate the geographic distribution of airline hub operations, the level of service, and the extent of competition at 112 major U.S. airports, extending previous work by Bauer (1987) and Butler and Huston (1989). Our key innovation is that we derive our measures of service and competition from ...
Journal Article
On the record: a conversation with Herb Kelleher
When asked about the secret to Southwest Airlines' success, Herb Kelleher jokingly replies, "Charismatic leadership." Beyond that, being the only major U.S. airline to make a profit every year since 1972 has come down to three factors: having a contrarian strategy and sticking to it, keeping costs down in good times so the company is prepared for the bad times and - perhaps most important - treating employees well and trusting them to do their jobs.