Der Markt für Flugverkehr ist durch einen intensiven Wettbewerb gekennzeichnet. Dabei handelt es sich um eine Branche, die traditionell durch eine hohe Regulierungsdichte gekennzeichnet war. Im Zuge der Liberalisierung erhöhte sich der Wettbewerbsdruck weiter. Korrespondierend veränderten...

This paper offers the first formal economic analysis of carve-outs under airline antitrust im- munity. Carve-outs are designed to limit the potential anticompetitive effects of cooperation by alliance partners in hub-to-hub markets, where they provide overlapping nonstop service. While the paper...

We study the competitive effects of five liquidations and six mergers in the domestic U.S. airline industry between 1995 and 2010. Applying fixed effects regression models we find that route exits due to liquidation lead to substantially larger price increases than mergerrelated exits. Within...