THE IMPACT OF HUB DOMINANCE AND AIRPORT ACCESS ON ENTRY IN THE U.S. AIRLINE INDUSTRY

摘要

For nearly two decades now, the literature consistently has shown higher fares in city-pair markets that include a concentrated hub as either the origin or destination point... Such findings, persisting over time, have prompted observers to question whether adequate conditions exist for free entry in many hub markets, particularly considering the many advantages hubbing carriers enjoy (Transportation Research Board, 1999, p. 72).