Price reaction in New Zealand’s duopolistic airline market

IF 1.9 Q3 BUSINESS International Journal of the Economics of Business Pub Date : 2023-02-11 DOI:10.1080/13571516.2023.2173933

Thanh Ngo, K. Tsui

引用次数: 0

Abstract

Abstract This study investigates the price reaction in a duopolistic market where two airlines (a full-service and a low-cost carrier) dominate the domestic aviation market. Utilising a rich dataset of 53,463 matched airfares for Air New Zealand and Jetstar in New Zealand from September to December 2019, we found a U-shaped relationship (from Jetstar to Air New Zealand) and an inverted U-shaped relationship (from Air New Zealand to Jetstar) between the two airfares. While distinguishing their different business models, such behaviour has not been empirically discussed in the literature. This study can be extended to larger and more complex markets.

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新西兰双寡头航空市场的价格反应

摘要本文研究了在两家航空公司(一家全服务航空公司和一家低成本航空公司)主导国内航空市场的双寡头市场中的价格反应。利用2019年9月至12月新西兰航空公司和捷星航空公司的53,463张匹配机票的丰富数据集，我们发现这两种机票之间存在u型关系(从捷星航空到新西兰航空)和倒u型关系(从新西兰航空到捷星航空)。虽然区分了他们不同的商业模式，但这种行为尚未在文献中进行实证讨论。这项研究可以扩展到更大、更复杂的市场。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Journal of the Economics of Business BUSINESS-

CiteScore

2.60

自引率

8.30%

发文量

期刊介绍： International Journal of the Economics of Business presents original, peer reviewed research in economics that is clearly applicable to business or related public policy problems or issues. The term "business" is used in its widest sense to encompass both public and private sector—governmental, private non-profit and cooperative organizations, as well as profit-seeking enterprises. International Journal of the Economics of Business carries papers relating to three main spheres: The organization—to analyse and aid decision making and the internal organization of the business; The industry—to analyse how businesses interact and evolve within and across industries.

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