Duopoly In The Japanese Airline Market: Bayesian Estimation For The Entry Game
AbstractThis paper provides an econometric analysis on a duopoly game in the Japanese domestic airline market. We establish a novel Bayesian estimation approach for the entry game, which allows the incorporation of flexible inference techniques. We find asymmetric strategic interactions between Japanese firms, which implies that competition is still influenced by the former regulation regime. Furthermore, our prediction analysis indicates that the new Shizuoka airport will suffer from a lack of demand in the future.
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Bibliographic InfoArticle provided by Japanese Economic Association in its journal Japanese Economic Review.
Volume (Year): 63 (2012)
Issue (Month): 3 (09)
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=1352-4739
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Other versions of this item:
- Shinya Sugawara & Yasuhiro Omori, 2010. "Duopoly in the Japanese Airline Market: Bayesian Estimation for the Entry Game," CIRJE F-Series CIRJE-F-763, CIRJE, Faculty of Economics, University of Tokyo.
- Shinya Sugawara & Yasuhiro Omori, 2011. "Duopoly in the Japanese Airline Market: Bayesian Estimation for the Entry Game," CIRJE F-Series CIRJE-F-797, CIRJE, Faculty of Economics, University of Tokyo.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Shinya Sugawara & Yasuhiro Omori, 2013. "An Econometric Analysis of Insurance Markets with Separate Identification for Moral Hazard and Selection," CIRJE F-Series CIRJE-F-882, CIRJE, Faculty of Economics, University of Tokyo.
- Shinya Sugawara & Yasuhiro Omori, 2012. "An Econometric Analysis of Insurance Markets with Separate Identification for Moral Hazard and Selection Problems," CIRJE F-Series CIRJE-F-849, CIRJE, Faculty of Economics, University of Tokyo.
- Shinya Sugawara, 2013. "An Interval Regression Analysis for Tenures of Japanese Elder Care Workers Using Matched Employer-Employee Data," CIRJE F-Series CIRJE-F-887, CIRJE, Faculty of Economics, University of Tokyo.
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