We study the competitive effects of five liquidations and six mergers in the domestic U.S. airline industry between … efficiencies and entry-inducing effects are found to be strong enough to drive prices down to pre-exit levels. -- Airline industry …

We study the competitive effects of five liquidations and six mergers in the domestic U.S. airline industry between …

. The turmoil in the U.S. airline industry has triggered much of the public policy discussion, as some observers have argued … and their rivals. The data suggest that an airline's prices typically decline somewhat before it files for bankruptcy … bankrupt airline lower their prices, however, nor that they lose passengers to their bankrupt rival. These results indicate …