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This study provides further empirical evidence on pricing by international airline alliances. The paper covers a long sample period, which runs from 1997 to 2016, and it supplements the usual USDOT fare data with confidential fare data reported by the foreign alliance partners of US carriers....
Persistent link: https://www.econbiz.de/10012866395
This article describes the factors supporting inter-firm cooperation in the form of international airline alliances. It presents the benefits of such cooperative agreements by drawing conclusions from related empirical literature examination under a structure-conduct-performance paradigm. The...
Persistent link: https://www.econbiz.de/10012829857
We analyze collusion under demand uncertainty by cartels such as OPEC that care about the utility derived from profits by citizens. When citizens are sufficiently risk averse and fixed operating costs are non-trivial, it becomes difficult for cartels to collusively restrict output both when...
Persistent link: https://www.econbiz.de/10013045808
that matches cartel investigations with trade data at the product level. We then estimate the world import price and … higher world import prices and lower quantities during cartel periods, and to induce the establishment of a cartel. The … quantity effects of antidumping in cartel products. We find that the use of antidumping in cartel industries helps to maintain …
Persistent link: https://www.econbiz.de/10012373130
This research is an empirical study of effects of mergers and acquisitions and joint ventures (MAJV) on the acquiring and participating firms' long term ex-post performance and idiosyncratic risk. The results show that acquirers from the food and pharmaceutical industries enjoy positive abnormal...
Persistent link: https://www.econbiz.de/10012945252
Persistent link: https://www.econbiz.de/10001519902
This paper estimates the effects of code sharing, antitrust immunity and Open Skies treaties on prices, output and capacity using an eleven-year panel of U.S.-Europe data. Code sharing and immunized alliances are found to have significantly lower prices than traditional interline (multi-carrier)...
Persistent link: https://www.econbiz.de/10014064794
Lecture on the first SFB/TR 15 meeting, Gummersbach, July, 18 - 20, 2004: The domestic airline merger phenomenon of the …-US merger activity and the potential for international competitive incentives. Using an International Business perspective to … domestic airline merger phenomenon. A Cournot model of airline competition illustrates the international incentives behind …
Persistent link: https://www.econbiz.de/10010370533
merger between regulated firms when cost synergies are uncertain before the merger and their realization becomes private … information of the merged firm. The optimal merger policy trades off potential cost savings against regulatory distortions from … market induces a more lenient merger policy. The regulated firms' diversification into a competitive segment of the market …
Persistent link: https://www.econbiz.de/10010358241
The complexity of co-operation in cross-border competition law enforcement increased significantly between 1990 and 2011, underlining the urgency to improve techniques and tools of competition authority co-operation. As international trade has increased, the number of competition law enforcement...
Persistent link: https://www.econbiz.de/10014144808