Please use this identifier to cite or link to this item: http://hdl.handle.net/10553/46387
Title: Analyzing competition for hub location in intercontinental aviation markets
Authors: Martín Hernández, Juan Carlos 
Román García, Concepción 
UNESCO Clasification: 531212 Transportes y comunicaciones
Keywords: Transportes aéreos
Aerolineas
Issue Date: 2004
Publisher: 1366-5545
Journal: Transportation Research Part E: Logistics and Transportation Review 
Conference: 6th Conference of the Air-Transport-Research-Society (ATRS) 
Abstract: This paper develops a game theoretic model that analyzes the competition for hub location when airlines operate in deregulated intercontinental markets. The whole process is viewed as a dynamic game of complete information played in two stages: location and competition. In the location stage, airlines decide the location of the hub after having observed the location of previous entrants. In the competition stage, airlines compete for market share taking into consideration all the possible outcomes in the location stage.Results of the model are applied to intercontinental routes between South-America and Europe in the case of duopoly. Eight different equilibrium outcomes are obtained in terms of the parameters of the model. Some of the solutions obtained highlight the dynamical nature of the location process as well as the relative importance of central location and local traffic at each airport in order to select a hub in this market.
URI: http://hdl.handle.net/10553/46387
ISSN: 1366-5545
DOI: 10.1016/S1366-5545(03)00037-1
Source: Transportation Research Part E: Logistics and Transportation Review[ISSN 1366-5545],v. 40, p. 135-150
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