This paper examines the impacts of entry by Hainan Airlines (HA) to the U.S.-China air travel market, using user-reported data from Travelsuperlink.com. The sample consists of 15,773 round-trip economy-class fares for 39 routes purchased between 2010 and 2016. Our analysis indicates that, compared to other routes, the average airfare of the routes where HA entry occurs increases by up to 3.4 %. We also find evidence that U.S. legacy carriers respond to HA entry by raising their ticket prices, while smaller rivals do not. These findings are consistent with “the displacement effect” documented in the literature.

中文翻译：

---

海南航空公司入境的定价效应：来自中美国际航空旅行市场的证据

本文使用来自Travelsuperlink.com的用户报告的数据，考察了海南航空（HA）进入美中航空旅行市场的影响。该样本包括2010年至2016年之间购买的39条航线的15773张往返经济舱票价。我们的分析表明，与其他路线相比，发生HA进入的路线的平均机票价格上涨了3.4％。我们还发现有证据表明，美国传统承运人通过提高机票价格来回应房委会的进入，而较小的竞争对手则没有。这些发现与文献中记载的“置换效应”是一致的。