ABSTRACT This article explores the airline industry where passengers are heterogeneous in their willingness to pay and markets are capacity constrained. Contrary to conventional wisdom, theauthor find that more intense competition can result in higher prices and a lower aggregate supply. It is shown that the price of the seat with a lower profit margin-per-unit capacity may be higher when there is a smaller number of companies in competition. It is also shown that total supply of business class seats may be reduced when there are more firms in competition. These phenomena occur because of how competition affects airlines’ seat capacity allocation among products. Interactions between competition and seat capacity constraints are nontrivial including nonmonotonic relationships.

中文翻译：

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竞争行为并不意味着降低价格吗？亚太民用航空业需求增长和座位有限的影响

摘要本文探讨了航空业，在这个行业中，旅客的支付意愿各不相同，而市场则限制了运力。与传统观点相反，作者发现更激烈的竞争会导致更高的价格和更低的总供应。结果表明，当竞争中的公司数量较少时，单位容量利润率较低的座椅价格可能会更高。还表明，当竞争中有更多公司时，商务舱座位的总供应量可能会减少。这些现象的发生是由于竞争如何影响航空公司在产品之间的座位容量分配。竞争与座位容量限制之间的相互作用是不平凡的，包括非单调关系。