airlines, the merger is less detrimental to the frequency, possibly because the merger removes serial marginalization in the … decrease the frequency more, possibly due to a larger effect on the market structure. When the merging airlines control all the … flights, mergers have almost no impact on the frequency. The second set-up uses the market structure before the merger. When …

delay occurrence. Hence, larger airlines seem to offer a higher quality in terms of delays. We also find that an origin …

We investigate whether legacy U.S. airlines communicated via earnings calls to coordinate with other legacy airlines in … among airlines about their capacity choices. Estimates from our preferred specification show that when all legacy airlines … reduction materializes only when airlines communicate concurrently, and that it cannot be explained by other possibilities …

flight frequency. Hence, in a merger analysis, we can not only predict changes in flight frequency, but also the relative … consequences of those changes on consumer welfare. In this paper, merger simulations suggest that while passenger volume and … consumer surplus decrease on the aggregate, some markets benefit from welfare gains once merger-induced changes in flight …

, specifically with regards to horizontal mergers. Studying mergers that span several markets, we show that a myopic merger policy … may thwart a surplus-increasing merger wave. The analysis does not rely on any tacit or explicit collusive behavior by the …

airlines, the merger is less detrimental to the frequency, possibly because the merger removes serial marginalization in the … decrease the frequency more, possibly due to a larger effect on the market structure. When the merging airlines control all the … flights, mergers have almost no impact on the frequency. The second set-up uses the market structure before the merger …

of the most important mergers in the U.S. airline industry, namely the 2013 American Airlines – US Airways merger …The objective of this study is to provide evidence on the accuracy of merger simulation methods, which have become … predict the effects of the merger under scrutiny. Lastly, the forecast is evaluated ex post using data from the period …