This paper investigates the consumer welfare consequences of the recent code-share agreement between Continental Airlines and Northwest Airlines. We develop a discrete choice model based on individual flight characteristics. This structural model recognizes that consumers i) may have...

The welfare consequences of airline mergers have been analyzed almost exclusively in terms of ticket price. However, when flight frequency decisions are endogenized in a model,we can estimate measures of the relative importance of price and flight frequency. Hence, in a merger analysis, we can...

We show that exchanges of cost information in models with entry may benefit consumers in a wide range of market structures, including multimarket models with independently distributed costs and duopolies. These results contrast with previous findings in models without entry

Standard setting organizations have for many years required members to commit to license patents essential to use of standards on Fair, Reasonable and Non-discriminatory terms. Unfortunately, SSOs have not defined what FRAND means, leaving its interpretation to courts and regulators. This paper...