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http://hdl.handle.net/10419/59522
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| Title: | | The competitive effects of firm exit: Evidence from the US airline industry  |
| Authors: | | Hüschelrath, Kai Müller, Kathrin |
| Issue Date: | | 2012 |
| Series/Report no.: | | ZEW Discussion Papers 12-037 |
| Abstract: | | We study the competitive effects of five liquidations and six mergers in the domestic U.S. airline industry between 1995 and 2010. Applying fixed effects regression models we find that route exits due to liquidation lead to substantially larger price increases than mergerrelated exits. Within the merger category, our analysis reveals significant price increases on all affected routes immediately after the exit events. In the medium and long-run, however, realized merger efficiencies and entry-inducing effects are found to be strong enough to drive prices down to pre-exit levels. |
| Subjects: | | airline industry exit liquidation merger efficiencies entry-inducing effects |
| Persistent Identifier of the first edition: | | urn:nbn:de:bsz:180-madoc-323197 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des ZEW ZEW Discussion Papers
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