Back to Search
Start Over
Location-Price Competition in Airline Networks.
- Source :
-
Journal of Applied Mathematics . 2014, p1-9. 9p. - Publication Year :
- 2014
-
Abstract
- This paper addresses location-then-price competition in airline market as a two-stage game of n players on the graph. Passenger's demand distribution is described by multinomial logit model. Equilibrium in price game is computed through best response dynamics. We solve location game using backward induction, knowing that airlines will choose prices from equilibrium for the second-stage game. Some numerical results for airline market under consideration are presented. [ABSTRACT FROM AUTHOR]
- Subjects :
- *AIRLINE industry
*ECONOMIC competition
*PRICING
*ECONOMIC equilibrium
*GAME theory
Subjects
Details
- Language :
- English
- ISSN :
- 1110757X
- Database :
- Academic Search Index
- Journal :
- Journal of Applied Mathematics
- Publication Type :
- Academic Journal
- Accession number :
- 100493136
- Full Text :
- https://doi.org/10.1155/2014/494103