Motivated by the higher price sensitivity and service homogenisation in the airline industry in recent years, we … propose a new methodology to deal with transaction prices and to estimate the effect of alliances in the US domestic market …. The assumption that airlines compete on price allows us to take advantage of the observational equivalence between …

We consider an empirical model of worldwide airlines’ alliances that we apply to a large set of companies for the … current alliances' pricing habits are not uniform and range from individual Nash to more competitive behaviours. …

, and are initially not fully credible. We argue that sustained privatization and liberalization programmes represent a … major test of political commitment to safer private property rights. We investigate whether successful privatization has a … privatization gradually leads to increased confidence. Moreover, increased confidence has a strong effect on local market …

We study from both a theoretical and an empirical perspective how a network of military alliances and enmities affects … complex network of informal alliances and rivalries. We estimate the fighting externalities, and use these to infer the extent …

airline industry using data for the period 1976–90. We perform a number of specification tests and reject a simple one …-cat strategy. In other words, European airlines over-invest in capacities in order to be less aggressive. Moreover, we find that …

regime between airlines and whether airports can price discriminate: airline concentration reduces the landing fee when … joint ownership of airports? Does airline countervailing power stop airports raising fees? Should airports be prohibited, as … an EU directive intends, from charging differential prices to airlines? Our major findings are: (a) an increase in …

exports. Furthermore, empirical tests on the world airline industry elicit the existence of one particular path – an enhanced …

efficiency, taking into account the regulatory changes that have affected the European airline industry. We construct and …-reducing effort. Using a non-nested test and observations on the largest European airlines between 1985 and 1999, we show the …