Similarity: Matters of History and Luck

Li Way Lee () and Aaron Keathley ()
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Li Way Lee: Wayne State University
Aaron Keathley: Wayne State University

Chapter Chapter 11 in 45 Conversations About Behavioral Economics, 2022, pp 43-45 from Springer

Abstract: Abstract Consider flights from Detroit to Las Vegas. Let's say that there is steady and equalsimilarity demand around the clock. There are three airlines offering flights. Airline X and Airline Y both offer flights at noon. Airline Z offers flights at midnight. The three airlines charge the same price and offer the same services. Are they in equilibrium? What are their market sharesmarket share? If they are not equal, then tell a story that would explain it. History? Luck?

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-05046-6_11

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DOI: 10.1007/978-3-031-05046-6_11

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