Duopoly in the Japanese Airline Market: Bayesian Estimation for the Entry Game
This 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 is free from the conventional identification problem and thus allows the incorporation of flexible inference techniques. We find asymmetric strategic interactions between Japanese firms, which implies that competition will still be influenced by the former regulation regime. Furthermore, our prediction analysis indicates that the new Shizuoka airport will suffer from a lack of demand.
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|Date of creation:||Oct 2010|
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- Federico Ciliberto & Elie Tamer, 2009.
"Market Structure and Multiple Equilibria in Airline Markets,"
Econometric Society, vol. 77(6), pages 1791-1828, November.
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- Ciliberto, Federico & Tamer, Elie, 2009. "Market structure and multiple equilibria in airline markets," MPRA Paper 38635, University Library of Munich, Germany.
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