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This paper offers the first formal economic analysis of carve-outs under airline antitrust im- munity. Carve-outs are … the carve-out. -- carve-out, alliance, antitrust immunity, airlines …
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airline alliances. We show that the gains from economies of density due to higher interline traffic under the alliance … airline alliance subject to a carve-out. -- collusion ; carve-out …
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