Showing 1 - 10 of 49,722
This paper studies the coordinated effects of the merger between American Airlines and USAirways by examining the … extent to which the connecting prices of the nonmerging legacy carriers(Delta and United) evolved when the merger eliminated … potential importance of connecting services in merger analysis in the airlineindustry …
Persistent link: https://www.econbiz.de/10012602648
We investigate the impacts of five airline mergers on one quality dimension, namely route frequency. We use monthly … airlines, the merger is less detrimental to the frequency, possibly because the merger removes serial marginalization in the … flights, mergers have almost no impact on the frequency. The second set-up uses the market structure before the merger. When …
Persistent link: https://www.econbiz.de/10011715887
We study the consumer welfare effects of mergers in airline networks. Based on the development of a general … America West Airlines - US Airways merger completed in 2005. We find that although average prices increased substantially on … routes in which both airlines competed either on a non-stop or one-stop basis prior to the merger, substantial average price …
Persistent link: https://www.econbiz.de/10009746475
We introduce a model of oligopoly dynamic pricing where firms with limited capacity face a sales deadline. We establish conditions under which the equilibrium is unique and converges to a system of differential equations. Using unique and comprehensive pricing and bookings data for competing...
Persistent link: https://www.econbiz.de/10013362001
merged airline would offer direct flights in 10% more markets while the overall post-merger price effect would likely be …The Hub-and-Spoke network is a defining feature of the airline industry. This paper is among the first in the … merger, the paper proposes a novel equilibrium concept that makes it feasible to compute the industry equilibria …
Persistent link: https://www.econbiz.de/10015056219
In the last two decades, airline alliances were not only successful in extending the size of their networks, but also … received approvals by public authorities to intensify their cooperation through to merger-like revenue-sharing joint ventures …’ competitive strategies as well as productive efficiency. Using U.S. DOT T100 International Segment data and applying airline …
Persistent link: https://www.econbiz.de/10011316436
, I exploit variation in product market contestability in the U.S. airline industry. First, I find that increasing …
Persistent link: https://www.econbiz.de/10012308288
We investigate whether legacy U.S. airlines communicated via earnings calls to coordinate with other legacy airlines in offering fewer seats on competitive routes. To this end, we first use text analytics to build a novel dataset on communication among airlines about their capacity choices....
Persistent link: https://www.econbiz.de/10012171806
percent on the affected routes. -- Airline industry ; merger ; market power ; efficiencies ; entry-inducing effects …We investigate the competitive effects of the merger between Delta Air Lines and Northwest Airlines (2009) in the … domestic U.S. airline industry. Applying fixed effects regression models we find that the transaction led to short term price …
Persistent link: https://www.econbiz.de/10009661205
We study the competitive effects of five liquidations and six mergers in the domestic U.S. airline industry between … larger price increases than mergerrelated exits. Within the merger category, our analysis reveals significant price increases … on all affected routes immediately after the exit events. In the medium and long-run, however, realized merger …
Persistent link: https://www.econbiz.de/10009550127