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Unlike other industries, significant changes in the airline industry have not mainly occurred due to technological … consequence of the deregulation wave which dates back to liberalization of airline sector in the United States in 1978, the … airline sector has gone through drastic changes. Certain procedures and practices pertaining to the airline sector, including …
Persistent link: https://www.econbiz.de/10012919882
This article provides evidence from the airline industry on the competitive effects of grants of antitrust immunity by … regulatory agencies to certain joint venture agreements. In the airline industry, the U.S. Department of Transportation retains … airline alliances, which are marketing joint ventures between carriers worldwide. The evidence based on data for the period …
Persistent link: https://www.econbiz.de/10014185785
This paper evaluates the recent literature claiming that the US economy has generally become less competitive causing the US economy to perform poorly and that lax antitrust policy is one important reason for the decline in economic performance. Although there certainly are empirical facts...
Persistent link: https://www.econbiz.de/10012829706
We describe a simple initial indicator of whether a proposed merger between rivals in a differentiated product industry is likely to raise prices through unilateral effects. Our diagnostic calibrates upward pricing pressure (UPP) resulting from the merger, based on the price/cost margins of the...
Persistent link: https://www.econbiz.de/10012715582
Microsoft v. Commission indicates a shift in competition policy at the expense of protections for intellectual property. The case applies "essential facilities" arguments to Microsoft's server operating system and "tying" arguments to its Windows Media Player. The dynamic effects of Microsoft v....
Persistent link: https://www.econbiz.de/10014217332
This handbook chapter appears in Antitrust Law & Economics (Keith Hylton, ed. 2010). It describes the role of market concentration in the legal framework for the antitrust review of horizontal mergers and evaluates the extent to which modern economic analysis supports a role for concentration in...
Persistent link: https://www.econbiz.de/10014047827
In this paper, we analyze a recent antitrust case of abuse of dominance decided by a Chinese administrative enforcement agency under China’s Anti-Monopoly Law (“AML”). A key issue in this case involves the impact of loyalty rebate programs used by a dominant firm. We provide an overview of...
Persistent link: https://www.econbiz.de/10014116813
This paper provides empirical evidence showing the effect of airline cooperation on the level of interline fares paid … results provide strong evidence that airline cooperation in the fare-setting process generates substantial benefits for …
Persistent link: https://www.econbiz.de/10014126078
This paper provides empirical evidence showing the effect of airline cooperation on the level of interline fares paid … results provide strong evidence that airline cooperation in the fare-setting process generates substantial benefits for …
Persistent link: https://www.econbiz.de/10014126213