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An Econometric Analysis of the Impact of Low-cost Carrier's entry on Regional and National Economy : The case of the US and Japan

Research Project

Project/Area Number 15530284
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeSingle-year Grants
Section一般
Research Field Commerce
Research InstitutionKobe University

Principal Investigator

MURAKAMI Hideki  Kobe University, Graduate School of Business Administration, Associate Professor, 経営学研究科, 助教授 (90243295)

Project Period (FY) 2003 – 2004
Project Status Completed (Fiscal Year 2004)
Budget Amount *help
¥3,200,000 (Direct Cost: ¥3,200,000)
Fiscal Year 2004: ¥700,000 (Direct Cost: ¥700,000)
Fiscal Year 2003: ¥2,500,000 (Direct Cost: ¥2,500,000)
Keywordslow-cost carrier / network carrier / oligopoly / collusion / quality competition / secondary airport / cross-subsidy / dynamic effect of entry / 経済的厚生 / ダイナミック・イフェクト / 外部性 / 輸送密度の経済 / サービス差別化 / クールノー競争 / 戦略効果 / 時間効果 / 経済厚生分析 / 複占・寡占 / 米国航空会社 / 日本の航空会社 / 第二空港 / スピルオーバー効果
Research Abstract

(1)The cross-sectional analyses of US duopoly and 3-firm oligopoly air markets reveal that the entry of Southwest Airlines has significant impact on the market expansion. Due to its entry, the market demand curve shifts upward and the price and output increase in the short run, but in the long run the market price goes down. As for outputs, Southwest's rival faces significant decrease in its output in the long run, especially where Southwest and its rival base the same O/D airports.
(2)The panel analyses of the US duopoly and 3-firm oligopoly air market reveal that Southwest maintains its price after its entry and its rival(s) is(are) also permanently involved in the competition. Therefore, the prices will not restore to the pre-entry level. As for other entry case, price competitions start shortly after the new entry but the price war tends to end in a couple of years and prices will restore to the pre-entry level.
(3)There are few price competitions between Japanese major airlines but they compete with Shinkansen Express. Instead, Japanese major airlines are doing quality competition. Furthermore, Japanese major airlines earn their profit from long-haul jointly-monopolized markets such as Tokyo-Sapporo and Tokyo-Kyushu seem to cross-subsidy international markets and domestic markets where they compete with Shinkansen and domestic low-density markets.

Report

(3 results)
  • 2004 Annual Research Report   Final Research Report Summary
  • 2003 Annual Research Report
  • Research Products

    (11 results)

All 2005 2003 Other

All Journal Article (10 results) Publications (1 results)

  • [Journal Article] 低費用航空会社参入の市場効果の持続性:米国複占市場におけるケース2005

    • Author(s)
      村上 英樹
    • Journal Title

      国民経済雑誌 191-4

      Pages: 85-95

    • NAID

      110001147908

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2004 Final Research Report Summary
  • [Journal Article] 米国国内市場における低費用航空会社が市場に与えた影響の実証分析:3社寡占航空市場のケース2005

    • Author(s)
      村上 英樹
    • Journal Title

      運輸と経済 65-5

      Pages: 53-61

    • NAID

      40006793145

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2004 Final Research Report Summary
  • [Journal Article] Dynamic effect of low-cost entry on market performance : A case of US duopoly air markets.2005

    • Journal Title

      The Journal of Economics and Business Administration Vol.191, No.4

      Pages: 85-95

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2004 Final Research Report Summary
  • [Journal Article] A quantitative analysis of low-cost aircarrier's entry on market performance : To case of US 3-firm oligopoly markets2005

    • Journal Title

      Transportation and Economy Vol.65, No.5

      Pages: 53-61

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2004 Final Research Report Summary
  • [Journal Article] 低費用航空会社参入の市場効果の持続性:米国複占市場におけるケース2005

    • Author(s)
      村上 英樹
    • Journal Title

      国民経済雑誌 2005/4月号(印刷中)

    • NAID

      110001147908

    • Related Report
      2004 Annual Research Report
  • [Journal Article] 米国国内市場における低費用航空会社が市場に与えた影響の実証分析:3社寡占航空市場のケース2005

    • Author(s)
      村上 英樹
    • Journal Title

      運輸と経済 2005/5月号(印刷中)

    • NAID

      40006793145

    • Related Report
      2004 Annual Research Report
  • [Journal Article] 低費用航空会社による運賃競争の時間効果とスピルオーバー効果の計測:米国内複占市場のケース2003

    • Author(s)
      村上 英樹
    • Journal Title

      国民経済雑誌 188-4

      Pages: 47-62

    • NAID

      110000445325

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2004 Final Research Report Summary
  • [Journal Article] The Japanese Domestic Airfares under the Regulatory Regime : What Will Be Expected after the Revision of Current Charging System?2003

    • Author(s)
      村上 英樹
    • Journal Title

      The Korean Journal of Shipping and Logistics Vol.35

      Pages: 3-32

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2004 Final Research Report Summary
  • [Journal Article] An empirical analysis of the time and spillover effects of low-cost airline's presence : A duopoly case in US2003

    • Journal Title

      The Journal of Economics and Business Administration Vol.188, No.4

      Pages: 47-62

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2004 Final Research Report Summary
  • [Journal Article] The Japanese Domestic Airfares under the Regulatory Regime : What Will Be Expected after the Revision of Current Charging System?2003

    • Journal Title

      The Korean Journal of Shipping and Logistics Vol.35

      Pages: 3-32

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2004 Final Research Report Summary
  • [Publications] 村上 英樹: "低費用航空会社による運賃競争の時間効果とスピルオーバー効果の計測:米国内複占市場のケース"国民経済雑誌. 第188巻第4号. 47-62 (2003)

    • Related Report
      2003 Annual Research Report

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Published: 2003-04-01   Modified: 2016-04-21  

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