Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 3 of 3
Full-Text Articles in Economic Theory
Murray Rothbard’S Adam Smith, Spencer J. Pack
Murray Rothbard’S Adam Smith, Spencer J. Pack
Economics Faculty Publications
No abstract provided.
Standardization And The Stability Of Collusion, Luca Lambertini, Sougata Poddar, Dan Sasaki
Standardization And The Stability Of Collusion, Luca Lambertini, Sougata Poddar, Dan Sasaki
Economics Faculty Articles and Research
We characterize the interplay between firms' decision in terms of product standardization and the nature of their ensuing market behaviour. We prove the existence of a non-monotone relationship between firms' decision at the product stage and their intertemporal preferences.
Network Structure And Entry In The Deregulated Airline Industry, Joseph Berechman, Sougata Poddar, Oz Shy
Network Structure And Entry In The Deregulated Airline Industry, Joseph Berechman, Sougata Poddar, Oz Shy
Economics Faculty Articles and Research
We explore how an incumbent airline firm structures its route network under the threat of entry caused by deregulation. We show that entry induces the incumbent firm to strategically alter its flight operating network from a fully connected network (FC) to a hub-and-spoke network (HS). While most of the literature always assumed that the use of of HS network is primarily for the purpose of cost reduction, we show that hub-and-spoke operation can be used as a strategic device by the incumbent firm when it faces a threat of entry in its operating zone.