Market Conduct in the Airline Industry: An Empirical Investigation
计算了多条双寡头航线的行为参数，发现古诺模型比伯特兰或卡特尔模型更符合数据，对产业组织研究者有参考价值。
In this empirical study, conduct parameters (also known as conjectural variations) are calculated for a set of duopoly airline routes. The mean conduct parameter for each airline is estimated, and inferences are drawn about whether Bertrand, Cournot or cartel models are supported by the data. Some sensitivity analysis is also conducted with respect to the underlying parameters. It is found that the Cournot model, rather than the Bertrand or cartel model, is most consistent with the data.