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An Empirical Analysis of a Merger between a Network and Low-Cost Airlines
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An Empirical Analysis of a Merger between a Network and Low-Cost Airlines (2011)An Empirical Analysis of a Merger between…Assessing the price effects of airline alliances on parallel routes (2009)Assessing the price effects o…Localized competitive advantage and price reactions to entry: Full-service vs. low-cost airlines in recently liberalized emerging markets (2008)Localized competitive advanta…Domestic airline alliances and consumer welfare (2008)Domestic airline alliances an…An Empirical Analysis of the Competitive Effects of the Delta/Continental/Northwest Code‐Share Alliance (2008)An Empirical Analysis of the …Price premiums and low cost carrier competition (2007)Price premiums and low cost c…Evaluating the Performance of Merger Simulation: Evidence from the U.S. Airline Industry (2006)Evaluating the Performance of…Flight frequency and mergers in airline markets (2003)Flight frequency and mergers …Are Mergers Beneficial to Consumers? Evidence from the Italian Market for Bank Deposits (2003)Are Mergers Beneficial to Con…The Competitive Effects of Not‐for‐Profit Hospital Mergers: A Case Study (2001)The Competitive Effects of No…International Airfares in the Age of Alliances: The Effect of Codesharing and Antitrust Immunity (2001)International Airfares in the…An Empirical Investigation of the Competitive Effects of Domestic Airline Alliances (2001)An Empirical Investigation of…Actual, Adjacent, and Potential Competition Estimating the Full Effect of Southwest Airlines (2001)Actual, Adjacent, and Potenti…Do Substantial Horizontal Mergers Generate Significant Price Effects? Evidence From The Banking Industry (1998)Do Substantial Horizontal Mer…Airline Mergers: A Longer View (1996)Airline Mergers: A Longer ViewMERGERS AND MARKET POWER -- EVIDENCE FROM THE AIRLINE INDUSTRY. (1993)MERGERS AND MARKET POWER -- E…The effects of mergers on price and output: Two case studies from the airline industry (1991)The effects of mergers on pri…Which is a stronger competitor, High Speed Rail, or Low Cost Carrier, to Full Service Carrier? – Effects of HSR network extension and LCC entry on FSC's airfare in Japan (2020)Which is a stronger competito…Evaluating the price effects of two airline mergers in China (2020)Evaluating the price effects …Airport slots and the internalization of congestion by airlines: An empirical model of integrated flight disruption management in Brazil (2018)Airport slots and the interna…Hybrid cooperation agreements in networks: The case of the airline industry (2017)Hybrid cooperation agreements…Mergers and service quality in the airline industry: A silver lining for air travelers? (2016)Mergers and service quality i…Your Language or Mine? (2015)Your Language or Mine?Airline consolidation and the distribution of traffic between primary and secondary hubs (2013)Airline consolidation and the…The market for corporate control (1983)Synergistic gains from corporate acquisitions and their division between the stockholders of target and acquiring firms (1988)Takeovers: Their Causes and Consequences (1988)Wealth creation versus wealth redistributions in pure stock-for-stock mergers1We are grateful to Tom Arnold, Sanjai Bhagat, James Bicksler, David Blackwell, Ekkehart Boehmer, Ted Bos, Robert Brokaw, Bill Carleton, Bob Comment, Chris Cornwell, Mary Dehner, Bob Eisenbeis, Jimmy Hilliard, Randy Howard, Steve Jones, Ed Kane, Josef Lakonishok, Larry Lang, Bill Lewellen, Marc Lipson, Paul Malatesta, Jeff Netter, Cathy Niden, Volker Pollmann, Annette Poulsen, Jay Ritter, Richard Ruback, Louis Scott, Joe Sinkey, Bill Schwert (the editor), Ralph Walkling (the referee), Ron Warren, J. Fred Weston, Karen Wruck, and seminar participants at the University of Arizona, the University of Delaware, the University of Illinois, the University of Georgia, the University of Miami, Seattle University, the 1995 European Finance Association, the 1996 Financial Management Association, and the 1996 American Finance Association meetings for their helpful comments and recommendations. We also gratefully acknowledge the financial support provided for this project by the University of Georgia Research Foundation. Finally, Steve Henry, Rick McKinney, David Quillian, and Ryan Vaughn provided vital assistance with data collection and assisted with data input.1 (1998)Acquisition vs. internal development as modes of market entry (2009)The Price-Concentration Relationship in Banking (1989)The Effects of Megamergers on Efficiency and Prices: Evidence from a Bank Profit Function (1997)Incentives for Banking Megamergers: What Motives Might Regulators Infer from Event-Study Evidence? (2000)The Impact of Bank Consolidation on Commercial Borrower Welfare (2005)Horizontal acquisitions and buying power: A product market analysis (2010)FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY (1968)Hubs and High Fares: Dominance and Market Power in the U.S. Airline Industry (1989)Linkages between customer service, customer satisfaction and performance in the airline industry: Investigation of non-linearities and moderating effects (2012)Low cost carrier competition and route entry in an emerging but regulated aviation market – The case of China (2015)Should China further expand its high-speed rail network? Consider the low-cost carrier factor (2017)Oligopoly and the incentive for horizontal merger (1983)Economies of Density versus Economies of Scale: Why Trunk and Local Service Airline Costs Differ (1984)A Model of Scheduling in Airline Networks: How a Hub-and-Spoke System Affects Flight Frequency, Fares and Welfare (2001)Airline Market Power and Intertemporal Price Dispersion (2011)Pricing carbon in the aviation sector: Evidence from the European emissions trading system (2021)Horizontal mergers, collusion, and stockholder wealth (1983)Chapter 17 Empirical studies of industries with market power (1989)Event Studies in Economics and Finance (1997)Balancing Margin and Mission (2003)Challenges in Managing Nonprofit Organizations: A Research Overview (2004)The Effect of Mergers on Consumer Prices: Evidence from Five Mergers on the Enforcement Margin (2010)Efficiency and Competition in the Airline Industry (1983)Deregulating the airlines (1986)Concentration, Potential Entry, and Performance in the Airline Industry (1989)Merger Analysis, Industrial Organization Theory, and Merger Guidelines (1991)THE PRICE EFFECT OF ELIMINATING POTENTIAL COMPETITION: EVIDENCE FROM AN AIRLINE MERGER * (2010)Living by the "Golden Rule": Multimarket Contact in the U. S. Airline Industry (1994)The effects of airline alliances on markets and economic welfare (1997)How Airline Markets Work...Or Do They? Regulatory Reform in the Airline Industry (2007)High-speed rail and air transport competition and cooperation: A vertical differentiation approach (2016)Automobile Prices in Market Equilibrium (1995)Discrete Choice Methods with Simulation (2001)Discrete Choice Methods with Simulation (2003)Estimation of Random-Coefficient Demand Models: Two Empiricists' Perspective (2013)Does multimarket contact facilitate tacit collusion? Inference on conduct parameters in the airline industry (2014)Estimating Discrete-Choice Models of Product Differentiation (1994)Mergers with Differentiated Products: The Case of the Ready-to-Eat Cereal Industry (2000)The Case for Antitrust Enforcement (2003)Spatial Differentiation and Vertical Mergers in Retail Markets for Gasoline (2012)Assessing the impact of the September 11 terrorist attacks on U.S. airline demand (2004)Air Transport Liberalization and Its Impacts on Airline Competition and Air Passenger Traffic (2010)Airline competition and domestic US airfares: A comprehensive reappraisal (2012)
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References

  • 1993MERGERS AND MARKET POWER -- EVIDENCE FROM THE AIRLINE INDUSTRY.630 cited
  • 1998Do Substantial Horizontal Mergers Generate Significant Price Effects? Evidence From The Banking Industry413 cited
  • 2001Actual, Adjacent, and Potential Competition Estimating the Full Effect of Southwest Airlines324 cited
  • 2006Evaluating the Performance of Merger Simulation: Evidence from the U.S. Airline Industry299 cited
  • 2001The Competitive Effects of Not‐for‐Profit Hospital Mergers: A Case Study149 cited
  • 1991The effects of mergers on price and output: Two case studies from the airline industry148 cited
  • 2007Price premiums and low cost carrier competition145 cited
  • 2001An Empirical Investigation of the Competitive Effects of Domestic Airline Alliances142 cited
  • 2003Flight frequency and mergers in airline markets133 cited
  • 2008Domestic airline alliances and consumer welfare105 cited
  • 1996Airline Mergers: A Longer View88 cited
  • 2008An Empirical Analysis of the Competitive Effects of the Delta/Continental/Northwest Code‐Share Alliance88 cited
  • 2003Are Mergers Beneficial to Consumers? Evidence from the Italian Market for Bank Deposits74 cited
  • 2008Localized competitive advantage and price reactions to entry: Full-service vs. low-cost airlines in recently liberalized emerging markets

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63 cited
  • 2009Assessing the price effects of airline alliances on parallel routes55 cited
  • 2001International Airfares in the Age of Alliances: The Effect of Codesharing and Antitrust Immunity41 cited
  • Cited by

    • 2013Airline consolidation and the distribution of traffic between primary and secondary hubs36 cited
    • 2016Mergers and service quality in the airline industry: A silver lining for air travelers?33 cited
    • 2018Airport slots and the internalization of congestion by airlines: An empirical model of integrated flight disruption management in Brazil28 cited
    • 2017Hybrid cooperation agreements in networks: The case of the airline industry27 cited
    • 2020Which is a stronger competitor, High Speed Rail, or Low Cost Carrier, to Full Service Carrier? – Effects of HSR network extension and LCC entry on FSC's airfare in Japan25 cited
    • 2020Evaluating the price effects of two airline mergers in China22 cited
    • 2015Your Language or Mine?4 cited