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How is game theory used in airline business?
Wei, W and Hansen, M (2006), carried a study to explore how airlines make decisions on the size of their aircrafts and service frequency from profit maximizing perspective in duopoly markets. They apply the game theory models to analyse the airline companies in two different markets: the short-haul and the long-haul market.
How is market structure of the airline industry economics?
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Last Update: Oct 2021
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