, we evaluate the 2013 merger between Amer- ican Airlines and US Airways. Our results highlight that spillovers in entry …We develop a two-stage game in which competing airlines first choose the networks of markets to serve in the first … model using data from the domestic US airline market and find significant spillovers in entry. In a counterfactual exercise …

macroeconomic conditions. Our results support the notion that mergers are often undertaken to seize growth opportunities. -- merger … ; bankruptcy ; failure ; survival ; exit …

employment of merger simulation models in merger control procedures during the past almost 15 years. Merger simulation is … of state-of-the-art merger simulation models and review their previous employment in merger cases as well as the problems … and limitations currently associated with their use in merger control. In summary, merger simulation models represent an …