Entry and Exit in a Liberalised Market

Maria José Gil-Moltó () and Claudio Piga ()
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Maria José Gil-Moltó: University of Leicester
Authors registered in the RePEc Author Service: Maria Jose Gil Molto ()

Rivista di Politica Economica, 2007, vol. 97, issue 1, pages 3-38

Abstract: We analyse the entry and exit activity in the UK airline markets in the post-liberalisation period and study the differential traits between traditional and low cost carriers. Alongside with the characteristics traditionally highlighted as determinants of entry (e.g., airport presence and network economies), we find that the existence of charter or seasonal operators, product differentiation opportunities and the level of quality provided by the incumbents are also relevant in explaining entry and/or exit. Despite the liberalisation policies, the contestability of important large markets still seems to be limited.

JEL-codes: L11 L93 (search for similar items in EconPapers)
Date: 2007
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Related works:
Working Paper: Entry and Exit in a Liberalised Market (2006)
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Persistent link: http://EconPapers.repec.org/RePEc:rpo:ripoec:v:97:y:2007:i:1:p:3-38

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