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On sources of market power in the airline industry: Panel data evidence from the US airports
16 references·7 citing·38 second hop
On sources of market power in the airline industry: Panel data evidence from the US airports (2014)On sources of market power in the airline…Airline competition and domestic US airfares: A comprehensive reappraisal (2012)Airline competition and domes…Tracing the Woes: An Empirical Analysis of the Airline Industry (2010)Tracing the Woes: An Empirica…How do Incumbents Respond to the Threat of Entry? Evidence from the Major Airlines * (2008)How do Incumbents Respond to …Getting there fast: globalization, intercontinental flights and location of headquarters (2007)Getting there fast: globaliza…Evaluating the Performance of Merger Simulation: Evidence from the U.S. Airline Industry (2006)Evaluating the Performance of…Price elasticities of demand for passenger air travel: a meta-analysis (2002)Price elasticities of demand …Actual, Adjacent, and Potential Competition Estimating the Full Effect of Southwest Airlines (2001)Actual, Adjacent, and Potenti…The evolution of the airline industry (1996)The evolution of the airline …MERGERS AND MARKET POWER -- EVIDENCE FROM THE AIRLINE INDUSTRY. (1993)MERGERS AND MARKET POWER -- E…Localized Market Power in the U.S. Airline Industry (1993)Localized Market Power in the…The Dominant-Firm Advantage in Multiproduct Industries: Evidence from the U. S. Airlines (1991)The Dominant-Firm Advantage i…AIRPORT PRESENCE AS PRODUCT DIFFERENTIATION (1990)AIRPORT PRESENCE AS PRODUCT D…AIRLINE MERGERS, AIRPORT DOMINANCE, AND MARKET POWER (1990)AIRLINE MERGERS, AIRPORT DOMI…Hubs and High Fares: Dominance and Market Power in the U.S. Airline Industry (1989)Hubs and High Fares: Dominanc…Concentration, Potential Entry, and Performance in the Airline Industry (1989)Concentration, Potential Entr…Deregulating the airlines (1986)Deregulating the airlinesMarket concentration in German air transport before and after the Air Berlin bankruptcy (2020)Market concentration in Germa…Market power at the Seattle-Tacoma International Airport: The case of Alaska Airlines (2019)Market power at the Seattle-T…What drives effective competition in the airline industry? An empirical model of city-pair market concentration (2018)What drives effective competi…Impacts of airline mergers on passenger welfare (2017)Impacts of airline mergers on…Does an increase in subsidies lead to changes in air fares? Empirical evidence from Spain (2016)Does an increase in subsidies…What hurts the dominant airlines at hub airports? (2014)What hurts the dominant airli…Hubs versus Airport Dominance (2014)Hubs versus Airport DominanceTransaction-Cost Economics: The Governance of Contractual Relations (1979)The Boundaries of Multinational Enterprises and the Theory of International Trade (1995)The Determinants of Agglomeration (2001)Globalization: Countries, Cities and Multinationals (2010)Location determinants of high-growth firms (2015)The Internalization Theory of the Multinational Enterprise: Past, Present and Future (2019)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 Penn World Table (Mark 5): An Expanded Set of International Comparisons, 1950-1988 (1991)Concepts of Price Elasticities of Transport Demand and Recent Empirical Estimates: An Interpretative Survey (2005)Tourists' Perception of International Air Travel's Impact on the Global Climate and Potential Climate Change Policies (2007)High-speed rail and air transport competition: Game engineering as tool for cost-benefit analysis (2010)Consumer behaviour and demand response of tourists to climate change (2011)Estimating Discrete-Choice Models of Product Differentiation (1994)Automobile Prices in Market Equilibrium (1995)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)Does multimarket contact facilitate tacit collusion? Inference on conduct parameters in the airline industry (2014)The Chain Store Paradox (1978)Estimation of a Model of Entry in the Airline Industry (1992)Chapter 31 Coordination and Lock-In: Competition with Switching Costs and Network Effects (2007)Strategic Entry Deterrence and the Behavior of Pharmaceutical Incumbents Prior to Patent Expiration (2011)Threat of platform‐owner entry and complementor responses: Evidence from the mobile app market (2019)Chapter 16 Inter-industry studies of structure and performance (1989)COMPETITIVE DYNAMICS OF INTERFIRM RIVALRY. (1996)Evaluation of deregulated airline networks using data envelopment analysis combined with principal component analysis with an application to Western Europe (2001)Do Substantial Horizontal Mergers Generate Significant Price Effects? Evidence From The Banking Industry (1998)Sources and Financial Consequences of Radical Innovation: Insights from Pharmaceuticals (2003)U.S. Industry Adjustment to Economic Deregulation (1998)An application of DEA to measure the efficiency of Spanish airports prior to privatization (2001)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)Tourism and economic development: A survey (1998)Scanning dynamic competitive landscapes: a market‐based and resource‐based framework (2003)
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References

  • 1989Hubs and High Fares: Dominance and Market Power in the U.S. Airline Industry809 cited
  • 1993MERGERS AND MARKET POWER -- EVIDENCE FROM THE AIRLINE INDUSTRY.630 cited
  • 2008How do Incumbents Respond to the Threat of Entry? Evidence from the Major Airlines *478 cited
  • 2002Price elasticities of demand for passenger air travel: a meta-analysis357 cited
  • 1990AIRLINE MERGERS, AIRPORT DOMINANCE, AND MARKET POWER343 cited
  • 1986Deregulating the airlines342 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
  • 1996The evolution of the airline industry260 cited
  • 2007Getting there fast: globalization, intercontinental flights and location of headquarters257 cited
  • 1993Localized Market Power in the U.S. Airline Industry249 cited
  • 2010Tracing the Woes: An Empirical Analysis of the Airline Industry246 cited
  • 1990AIRPORT PRESENCE AS PRODUCT DIFFERENTIATION199 cited
  • 2012Airline competition and domestic US airfares: A comprehensive reappraisal191 cited
  • 1991The Dominant-Firm Advantage in Multiproduct Industries: Evidence from the U. S. Airlines

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180 cited
  • 1989Concentration, Potential Entry, and Performance in the Airline Industry141 cited
  • Cited by

    • 2014What hurts the dominant airlines at hub airports?32 cited
    • 2018What drives effective competition in the airline industry? An empirical model of city-pair market concentration25 cited
    • 2020Market concentration in German air transport before and after the Air Berlin bankruptcy23 cited
    • 2016Does an increase in subsidies lead to changes in air fares? Empirical evidence from Spain18 cited
    • 2017Impacts of airline mergers on passenger welfare18 cited
    • 2014Hubs versus Airport Dominance17 cited
    • 2019Market power at the Seattle-Tacoma International Airport: The case of Alaska Airlines16 cited