The paper analyzes wages in the U.S. airline industry, focusing on the role of collective bargaining in a changing … product market environment. Airline unions have considerable strike threat power, but are constrained by the financial health … of carriers. Since airline deregulation, compensation has waxed and waned in response to the industry's economic …

.9%, as hypothesized by monopsony theory. Based on a simple merger simulation, we find that a merger between the top two …

Airline fuel consumption is costly for the firms and for society as well due to a climate-change externality. We study … externality. The airline industry's capital stock can be easily inventoried as a set of long-lived, durable aircraft. This …. Changes in airline operations directed toward conserving fuel can be an important path toward lower emissions. …

The DOJ and FTC clarify the role of labor market power ("monopsony") in the 2023 draft merger guidelines. The draft … that a stricter threshold may be warranted in labor markets. The post-merger Herfindahl-Hirschman Index (HHI) that defines … monopsony power in the U.S. may warrant an even lower threshold. For example, merger simulations indicate that workers would …

implementation. For the analysis, I use a unique data set of the universe of worldwide airline bookings. On average, airlines choose …