European Transport Research Review

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Table 5 Determinants of the average price reaction

From: The Low-cost fare response to new entry

∆P	Coefficient	P value
P t-7	−0.4244 ***	0.000
D_no competitor	−8.5427 ***	0.000
t	−0.6233 **	0.029
D_H Dep Closer	−5.5647 *	0.058
H Dep closeness	4.5155	0.298
U2 seats t-7	−0.0223 ***	0.000
∆ seats LCCs Comp	−0.0049	0.950
∆ seats FCSs	−0.0237 ***	0.007
D_hub	−9.1777 ***	0.000
const	44.4667 ***	0.000
R-squared within 0.22
between 0.29
overall 0.24

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