Ioannis N Kessides
Biographic Data
| ID | 5735600 |
|---|---|
| NAME | Ioannis N Kessides |
| GIVEN NAMES | Ioannis N |
| FAMILY NAME | Kessides |
| SIGNATURE | KESSIDES I N |
| AFFILIATIONS | University of Maryland, College Park |
| VERIFIED | No |
| TOTAL WORKS | 5 |
| TOTAL CITATIONS | 0 |
| WORKS AS AUTHOR | 5 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 1986 |
| LATEST PUBLICATION YEAR | 1993 |
| H-INDEX | 0 |
Localized Market Power in the U.S. Airline Industry
This paper tests whether the observed dominance of most city-pair markets and airports in the U.S. domestic airline industry by single carriers confers any pricing power on the dominan t firms. The results of fixed-effects estimation indicate that airport dominance by a carrier does confer upon it substantial pricing power , whereas dominance at the route level seems to confer no such pricing power. Additionally, the authors find a positive, yet …
Market Concentration, Contestability, and Sunk Costs
This paper provides an exploratory assessment of the theory of contestability that is based on a diverse sample of industries and introduces a new important determinant of market concentration. The results of the paper indicate that the variables determining the degree of contestability of markets are significant correlates of market concentration. Sunk costs account for a substantial portion of the sample variance of concentration even after tec…
Towards a Testable Model of Entry
This paper develops a simple model of firms' entry decisions, fits it to interindustry data, and tests hypotheses related to contestability theory. It is shown that entry increases with the profit level of incumbents, holding fixed the expected losses that the entrant would suffer in the event of exit. These expected losses are greater the higher the probability of a predatory incumbent response and the larger the sunk costs that must be committe…
Internal Versus External Market Conditions and Firm Profitability
Journal Article Internal Versus External Market Conditions and Firm Profitability: An Exploratory Model Get access Ioannis N. Kessides Ioannis N. Kessides University of Maryland Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 100, Issue 402, 1 September 1990, Pages 773–792, https://doi.org/10.2307/2233658 Published: 01 September 1990
Advertising, Sunk Costs, and Barriers to Entry
This paper tests hypotheses about the entry-deterring effects of advertising. The model isolates three separate effects of advertising on entry: the effect on the irrecoverable costs of entry, the effect on the uncertainty underlying the entry environment, and the effect on the measured rates of profit. We find that advertising impedes entry since necessary advertising expenditures give rise to a sunk cost which raises the risk of entry. However,…
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Advertising, Sunk Costs, and Barriers to Entry
This paper tests hypotheses about the entry-deterring effects of advertising. The model isolates three separate effects of advertising on entry: the effect on the irrecoverable costs of entry, the effect on the uncertainty underlying the entry environment, and the effect on the measured rates of profit. We find that advertising impedes entry since necessary advertising expenditures give rise to a sunk cost which raises the risk of entry. However,…
Market Concentration, Contestability, and Sunk Costs
This paper provides an exploratory assessment of the theory of contestability that is based on a diverse sample of industries and introduces a new important determinant of market concentration. The results of the paper indicate that the variables determining the degree of contestability of markets are significant correlates of market concentration. Sunk costs account for a substantial portion of the sample variance of concentration even after tec…
Towards a Testable Model of Entry
This paper develops a simple model of firms' entry decisions, fits it to interindustry data, and tests hypotheses related to contestability theory. It is shown that entry increases with the profit level of incumbents, holding fixed the expected losses that the entrant would suffer in the event of exit. These expected losses are greater the higher the probability of a predatory incumbent response and the larger the sunk costs that must be committe…
Internal Versus External Market Conditions and Firm Profitability
Journal Article Internal Versus External Market Conditions and Firm Profitability: An Exploratory Model Get access Ioannis N. Kessides Ioannis N. Kessides University of Maryland Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 100, Issue 402, 1 September 1990, Pages 773–792, https://doi.org/10.2307/2233658 Published: 01 September 1990
Localized Market Power in the U.S. Airline Industry
This paper tests whether the observed dominance of most city-pair markets and airports in the U.S. domestic airline industry by single carriers confers any pricing power on the dominan t firms. The results of fixed-effects estimation indicate that airport dominance by a carrier does confer upon it substantial pricing power , whereas dominance at the route level seems to confer no such pricing power. Additionally, the authors find a positive, yet …
Economics (5 works) · Business (4 works) · Industrial organization (4 works) · Merger and Competition Analysis (4 works) · Consumer Market Behavior and Pricing (3 works) · Microeconomics (3 works) · Sunk costs (3 works) · Barriers to entry (2 works) · Digital Platforms and Economics (2 works) · Market structure (2 works)