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We consider an empirical model of worldwide airlines’ alliances that we apply to a large set of companies for the period 1995-2000, with special attention to US and EU carriers. From the estimation of a cost, capacity and demand system that accounts for cross-price elasticities, we attempt to...
Persistent link: https://www.econbiz.de/10005666444
We study optimal merger policy in a dynamic model in which the presence of scale economies implies that firms can … the period the merger is proposed. We also find that the ability to commit can lead to a significant welfare improvement …
Persistent link: https://www.econbiz.de/10011084004
. Firms’ assets are product varieties that can be sold individually or entirely transferred to another firm in a merger. We … for merger policy. …
Persistent link: https://www.econbiz.de/10005667006
The paper revisits the conventional wisdom according to which vertical restrictions on retail prices help upstream firms to collude. We analyse the scope for collusion with and without resale price maintenance (RPM) when retailers observe local shocks on demand or retail costs. In the absence of...
Persistent link: https://www.econbiz.de/10005792032
-competitive mergers. These results are derived in an endogenous-merger model, predicting the conditions under which mergers occur, the … time of merger, and the split of surplus. …
Persistent link: https://www.econbiz.de/10005504698
profitable merger does not occur, because it is even more profitable for each firm to unilaterally stand as an outsider (Stigler … endogenous rather than exogenous merger theory. More surprisingly, our data suggests that fairness (or relative performance …
Persistent link: https://www.econbiz.de/10005789098
being a hub - served by a single airline. Welfare losses that follow from delays are relatively small as compared to the …
Persistent link: https://www.econbiz.de/10011165671
The objective of the paper is to elaborate a simulation model to analyse inter and intra-modal competition in the transport industry, based on game theory models. In our setting, consumers choose a transport mode and an operator to travel on a given city-pair; operators strategically decide on...
Persistent link: https://www.econbiz.de/10005656264
joint ownership of airports? Does airline countervailing power stop airports raising fees? Should airports be prohibited, as … regime between airlines and whether airports can price discriminate: airline concentration reduces the landing fee when …
Persistent link: https://www.econbiz.de/10008854469
efficiency, taking into account the regulatory changes that have affected the European airline industry. We construct and …
Persistent link: https://www.econbiz.de/10005667136