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The domestic airline merger phenomenon of the late 1980s and early 1990s sparked a great deal of Industrial … Organization (IO) literature; yet, that literature neglected non-US domestic mergers and potential for international competitive … competitive incentives helps explain domestic airline merger activity. A Cournot model of airline competition illustrates that …
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Foundational to the discipline of management is the idea that organizational decisions are a function of expected outcomes; hence, the customary empirical approach to employ multivariate techniques that regress performance outcome variables on discrete measures of organizational choices (e.g.,...
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This paper studies the aggregate substitution and expansion effects triggered by changes in input prices, in a context where firms supply a homogenous commodity and compete in quantities à la Cournot. We derive a sufficient condition for the existence of a Cournot equilibrium and show that this...
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