Rivalry and forbearance in the European airline industry: Evidence of an inverted U-shaped competitive pattern

Michel Ghertman and Zied Guedri ()
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Michel Ghertman: GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur
Zied Guedri: EM - EMLyon Business School

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Abstract: This study develops and tests a theoretical framework which suggests that the relationship between the level of multi-territory (or multi-point) contact and rivalry takes the form of an inverted U-shaped relationship. Drawing on a large sample of European airlines over the period 2001-2006, we provide empirical support for the inverted U-shaped relationship between multi-territory contact and rivalry as reflected by entries into and exits from the territory of a competitor. We conclude that competition between firms exhibits successive periods of rivalry and forbearance, possibly independently of time and institutional settings.

Keywords: Multimarket contacts; Competitive dynamics; European airline industry; Contacts multi-marchés; dynamique concurrentielle; industrie européenne du transport aérien (search for similar items in EconPapers)
Date: 2012-09-01
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Published in Management international = International management = Gestión internacional, 2012, 16 (4), 23-40 p. ⟨10.7202/1013147ar⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02312833

DOI: 10.7202/1013147ar

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