Airline mergers and multimarket contact
Identifieur interne : 000920 ( Main/Merge ); précédent : 000919; suivant : 000921Airline mergers and multimarket contact
Auteurs : Vijay Singal [États-Unis]Source :
- Managerial and Decision Economics [ 0143-6570 ] ; 1996-11.
English descriptors
- Teeft :
- Airfare, Airline, Airline industry, Airline markets, Airline mergers, Antitrust policy, Carrier codes, Coefficient, Completion period, Control group, Control groups, Cqual, Database, Dhhi, Direct contact, Dmmc, Equal market shares, Fare, Fare changes, Fare increase, Fares increase, Feinberg, Fourth quarter, Full period, High fares, Kessides, Ldist, Long routes, Market power, Market share, Market shares, Market size, Median, Merger announcement, Merger completion, Mester, Multimarket, Multimarket contact, Observation period, Other hand, Other markets, Positive correlation, Previous studies, Rail travel, Revenue passenger miles, Rival firms, Sample routes, Short routes, Singal, Subsample, Subsamples, Third quarter, Total number.
Abstract
This paper examines changes in the pricing behavior of airline firms around mergers that occurred during 1985–8. We find that the changes in concentration, a measure of contact within a market, and changes in multimarket contact, a measure of contact with the same firms outside of that market, significantly affect airfares. Further, increases in multimarket contact alone are sufficient to effect an increase in fares. Antitrust policy must consider changes not only in concentration but also in multimarket contact to evaluate more fully the effect of consolidations on consumers.
Url:
DOI: 10.1002/(SICI)1099-1468(199611)17:6<559::AID-MDE795>3.0.CO;2-K
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ISTEX:61F70259B79627ABB77E83EF83286DB4B2AD2AE4Le document en format XML
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