Brueckner, Jan K.; Proost, Stef - In: International Journal of Industrial Organization 28 (2010) 6, pp. 657-668
This paper offers the first formal economic analysis of carve-outs under airline antitrust immunity. 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...