Perspectives of Innovations, Economics and Business

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Volume 2
Issue 2
Online publication date 2009-10-09
Title THE RUSSIAN AIRLINE INDUSTRY:CONTESTABLE MARKET OR…?
Author Sergey Lukyanov, Elena Tissen, Nadezda Kislyak
Abstract The authors, based on the complete survey of Russian airlines that was conducted in winter of 2006-2007, analyze essential entry-barriers in the industry, and econometrically estimate efficiency of methods for overcoming entry-barriers in the Russian PAI. They find that there are significant technological and behavioral entrybarriers in the industry. The paper doubts that this industry is contestable in contemporary Russia, although it is typically contestable in Europe and the USA. Econometric estimation of entry-barriers points that administrative barriers are the most significant restrictions of competition.
Citation
References
Baumol, W., Panzar, J.C., Willig, R., 1982. Contestable Markets and the Theory of Industry Structure, New York

Baumol, W., 1982. “Contestable markets: An Uprising in the theory of industry structure”, American Economic Review, Vol. 72, pp.1-15

Caves, R., 1962. Air Transport and its regulators, Cambridge: Harvard University Press

Baumol, W., 2003. “Sostyazatel’nie rinki: myatezh v teorii strukturi otrasli”, Vehi ekonomicheskoi misli. Teoriya otraslevih rinkov. T. 5, Saint-Petersburg: Ekonomicheskaya shkola

Bain, J. Barriers to New Competition. Cambridge, Mass., Harvard Univer. Press, 1956

Audretsch, D., Mata, J., 1995. “The post-entry performance of firms”, Introduction, International Journal of Industrial Organization, 1995, Vol. 13, pp. 413-419

Burke, A., To, T., 2001. “Can reduced entry barriers worsen market performance? A model of employee entry”, International Journal of Industrial Organization, 2001, Vol. 19, no. 5, pp. 695-704
Keywords Entry-barriers, airline industry, contestable market, market structure
DOI http://dx.doi.org/10.15208/pieb.2009.9
Pages 30-33
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