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to passengers of increased competition between airlines may be (more than) absorbed by the unregulated airports through …Liberalisation has affected all parts of the air travel industry, with airports as well as airlines increasingly run on … commercial lines. This paper models interactions between airports and airlines to show that, for example, the potential benefits …
Persistent link: https://www.econbiz.de/10005628492
This paper tests whether product market competition affects vertical integration through the price channel. The … variation in competition within the coal mining industry. We document a 28% reduction in the incidence of vertical integration … among the treatment group following exposure to more product market competition. Consistent with recent organizational …
Persistent link: https://www.econbiz.de/10013014576
We examine a vertical integration decision within the commercial banking industry. During the last quarter of the 20th century, some community banks reduced their traditional reliance on correspondent banks for upstream products and services by joining bankers' banks, a form of business...
Persistent link: https://www.econbiz.de/10012940634
to competition. This paper analyzes whether the policy has allowed airlines to design efficient contractual and … at German airports are largely supportive of this proposition. …
Persistent link: https://www.econbiz.de/10005162805
growing congestion levels currently experienced at many airports. Several characteristics of aviation markets, however, may … model of airport pricing that captures a number of these features. The model in particular reflects (1) that airlines … typically have market power and are engaged in oligopolistic competition at different sub-markets; (2) that part of external …
Persistent link: https://www.econbiz.de/10011255935
countervailing power, via an increase in downstream concentration, depends on the competition regime between airlines and whether … airports can price discriminate: airline concentration reduces the landing fee when downstream competition is in quantities …, but if downstream competition is in prices only where airports cannot discriminate. Furthermore, only in a specific case …
Persistent link: https://www.econbiz.de/10008764830
an EU directive intends, from charging differential input prices to airlines? We set out a model of upstream airports and … joint ownership of airports? Does airline countervailing power stop airports raising fees? Should airports be prohibited, as … downstream airlines with varying countervailing power and pricing structures. Our major findings are: (a) an increase in upstream …
Persistent link: https://www.econbiz.de/10010608591
regime between airlines and whether airports can price discriminate: airline concentration reduces the landing fee when … downstream competition is in quantities, but if downstream competition is in prices landing fees fall only where airports cannot … joint ownership of airports? Does airline countervailing power stop airports raising fees? Should airports be prohibited, as …
Persistent link: https://www.econbiz.de/10008854469
We investigate the sustainability of vertical contracts between airports and airlines. We focus on the case of Quantity … period game, since contracts often include clauses that determine obligations for airlines and airports to be accomplished in … maximizes joint profits and airports commit to advertise the airlines and to rebate charges – are not sustainable. The …
Persistent link: https://www.econbiz.de/10010930571
congestion levels currently experienced at many airports. Several characteristics of aviation markets, however, may make naive … pricing that captures a number of these features. The model in particular reflects (1) that airlines typically have market … power and are engaged in oligopolistic competition at different sub-markets; (2) that part of external travel delays that …
Persistent link: https://www.econbiz.de/10010324757