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Bontemps, Christian
and Menezes Bezerra Sampaio, Raquel
(2020)
Entry games for the airline industry.
TSE Working Paper, n. 20-1108, Toulouse
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Abstract
In this paper we review the literature on static entry games and show how they can be used to estimate the market structure of the airline industry. The econometrics challenges are presented, in particular the problem of multiple equilibria and some solutions used in the literature are exposed. We also show how these models, either in the complete information setting or in the incomplete information one, can be estimated from i.i.d. data on market presence and market Characteristics. We illustrate it by estimating a static entry game with heterogeneous firms by Simulated Maximum
Likelihood on European data for the year 2015.
| Item Type: | Monograph (Working Paper) |
|---|---|
| Language: | English |
| Date: | May 2020 |
| Place of Publication: | Toulouse |
| Uncontrolled Keywords: | entry, airlines, multiple equilibria, estimation, industrial organization |
| Subjects: | B- ECONOMIE ET FINANCE |
| Divisions: | TSE-R (Toulouse) |
| Institution: | Université Toulouse 1 Capitole |
| Site: | UT1 |
| Date Deposited: | 20 May 2020 09:34 |
| Last Modified: | 09 Nov 2021 16:53 |
| OAI Identifier: | oai:tse-fr.eu:124321 |
| URI: | https://publications.ut-capitole.fr/id/eprint/34997 |
