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 …

The domestic airline merger phenomenon of the late 1980s and early 1990s sparked a great deal of Industrial … competitive incentives helps explain domestic airline merger activity. A Cournot model of airline competition illustrates that …