I document the evolution of market power in the U.S. airline industry for the period 1990:Q1-2019:Q4. I recover … estimates of markups, defined as the ratio of price to marginal cost, at the airline-time level. Dominant carriers in the …

Theoretical research has investigated the relevance of entry-inducing effects as countervailing factor to a merger …-related increase in market power. We use route-level data for the America West Airlines – US Airways merger (2005) to investigate …

This paper uses merger simulations to predict post-merger prices for six major airline mergers from the 1980's, and … compares these predictions with actual post-merger prices. Simulations which incorporate varying degrees of post-merger … of the post-merger price change, but should not be expected to account for all of it. Changes in marginal cost or firm …

The recent merger between US Airways and American Airlines was approved by federal and state antitrust authorities … anticompetitive effects from this merger. The economics literature offers many reasons why such stock-market event studies should not … unrelated to competitive harms, such as when a merger changes expectations that one or more rivals will be “in play” (i.e., a …

This paper examines US airline mergers between 1993 and 2018 and studies their impact on the labor market. Our … findings are consistent with the impact of merger-induced monopsony power discussed in recent literature and offer important …

of the most important mergers in the U.S. airline industry, namely the 2013 American Airlines – US Airways merger …The objective of this study is to provide evidence on the accuracy of merger simulation methods, which have become … predict the effects of the merger under scrutiny. Lastly, the forecast is evaluated ex post using data from the period …

. We conduct a comprehensive investigation of the effect on fares and output of these legacy airline mergers to determine …

Using data on four large mergers in the U.S. airline industry, we find consistent and significant effects of mergers on … focus of antitrust analysis, we demonstrate that they can experience considerable merger-induced changes in the probability … firm’s likelihood of entry, and the merger’s elimination of a potential entrant. Ours is the first study to decompose entry …

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 …

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 …