Similar Search Results

Brueckner, Jan K.; Flores-Fillol, Ricardo - 2018

Convenient scheduling, characterized by adequate flight frequency, is the main quality attribute for airline services. However, the effect of airline alliances on this important dimension of service quality has received almost no attention in the literature. This paper fills this gap by...

Persistent link: https://www.econbiz.de/10011900765

Coordinated capacity reductions and public communication in the airline industry

Aryal, Gaurab; Ciliberto, Federico; Leyden, Benjamin T. - 2020

We investigate whether legacy U.S. airlines communicated via earnings calls to coordinate with other legacy airlines in offering fewer seats on competitive routes. To this end, we first use text analytics to build a novel dataset on communication among airlines about their capacity choices....

Persistent link: https://www.econbiz.de/10012171806

Local search markets and external competition

Legros, Patrick; Stahl, Konrad - 2019

Increased competition tends to benefit all buyers with increasing product variety and decreasing prices. However, if local and external market channels compete for the same class of products, increased competition from the external market crowds out local variety. Under local monopoly, local...

Persistent link: https://www.econbiz.de/10012026420

Profitable horizontal mergers without cost advantages : the role of internal organization, information, and market structure

Huck, Steffen; Konrad, Kai A.; Müller, Wieland - 2001

Merged firms are typically rather complex organizations. Accordingly, merger has a more profound effect on the structure of a market than simply reducing the number of competitors. We show that this may render horizontal mergers profitable and welfare-improving even if costs are linear. The...

Persistent link: https://www.econbiz.de/10011398061

Policy innovations, political preferences, and cartel prosecutions

Ghosal, Vivek; Sokol, D. Daniel - 2015

policy priorities and a search for the optimal enforcement design to curtail one of the clearest sources of welfare loss …

Persistent link: https://www.econbiz.de/10011346282

Dynamic entry in vertically differentiated markets

Auer, Raphael A.; Sauré, Philip - 2016

We develop a model of vertical innovation in which firms incur a market entry cost and choose a unique level of quality. Once established, firms compete for market shares, selling to consumers with heterogeneous tastes for quality. The equilibrium of the pricing game exists and is unique within...

Persistent link: https://www.econbiz.de/10011547909

The impact of horizontal mergers on market structure : evidence from the semiconductor industry

Siebert, Ralph - 2016

The U.S. and EU Merger Guidelines strongly emphasize the relevance of the "ease of entry" argument in merger evaluations. Up to now, very little is known empirically about how mergers affect entry and exit, and the resulting number of firms in the markets. We empirically test this aspect of...

Persistent link: https://www.econbiz.de/10011481190

Strategic trade policy and the home bias in firm ownership structure

Huck, Steffen; Konrad, Kai A. - 2003

firms compete in an international Cournot oligopoly, and in which countries use strategic trade policy. We find that firms …

Persistent link: https://www.econbiz.de/10011506470

Strategic trade policy and merger profitability

Huck, Steffen; Konrad, Kai A. - 2003

We study the profitability incentives of merger and the endogenous industry structure in a strategic trade policy … environment. Merger changes the strategic trade policy equlilibrium. We show that merger can be profitable and welfare enhancing …. incentives to give subsidies to their local firms. National merger induces more strategic trade policy, whereas international …

Persistent link: https://www.econbiz.de/10011507913

Firm size and diversification : asymmetric multiproduct firms under Cournot competition

Grossmann, Volker - 2003

A positive relationship between firm size and product diversification is a long-standing stylized fact. However, so far there is no appropriate theoretical model to explain the underlying forces of this observation. This paper analyzes an oligopoly model with asymmetric multiproduct frms, which...

Persistent link: https://www.econbiz.de/10011509499

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