Evidence on Pricing from the Continental Airlines and Northwest Airlines Code-Share Agreement PDF Download
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Author: Oliver M. Richard Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
Recent code-share agreements among major US airlines represent a significant development in the airline industry, as these agreements allow the partner airlines to sell seats on each other's flights across the US. In this paper, we examine with original data how prices and passenger volumes were affected by the first significant alliance among major US carriers, the 1999 alliance between Continental Airlines and Northwest Airlines. We find evidence of higher passenger volumes and lower prices across markets in which CO-NW code-shared. However, we also find evidence of significantly higher prices across markets with nonstop flights from CO and NW. In these markets, our results suggest that, as CO-NW used their agreement to expand the pool of passengers to whom they can sell seats on their aircraft, they have in turn extracted a higher price, on average. Hence, airlines need not be colluding for prices to rise following code-share agreements. This finding is significant for policy-makers traditionally focus on collusion in their reviews of these agreements.
Author: Oliver M. Richard Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
Recent code-share agreements among major US airlines represent a significant development in the airline industry, as these agreements allow the partner airlines to sell seats on each other's flights across the US. In this paper, we examine with original data how prices and passenger volumes were affected by the first significant alliance among major US carriers, the 1999 alliance between Continental Airlines and Northwest Airlines. We find evidence of higher passenger volumes and lower prices across markets in which CO-NW code-shared. However, we also find evidence of significantly higher prices across markets with nonstop flights from CO and NW. In these markets, our results suggest that, as CO-NW used their agreement to expand the pool of passengers to whom they can sell seats on their aircraft, they have in turn extracted a higher price, on average. Hence, airlines need not be colluding for prices to rise following code-share agreements. This finding is significant for policy-makers traditionally focus on collusion in their reviews of these agreements.
Author: Darin Lee Publisher: Emerald Group Pub Limited ISBN: 0444518436 Category : Business & Economics Languages : en Pages : 392
Book Description
This volume contains chapters on: predation and the entry and exit of low-fare carriers; predation in airline markets; the price effects of international airline alliances; evidence on pricing from the continental airlines and Northwest airlines code-share agreement, among others.
Author: James Peoples Publisher: Emerald Group Publishing ISBN: 1780524684 Category : Business & Economics Languages : en Pages : 332
Book Description
Provokes the reader to think critically about the emergence of corporate styles of governance, management and leadership in higher education institutions (HEIs) and ways in which the demands of public management and the knowledge economy has shaped and re-shaped scholarly work and identity.
Author: Pier Luigi Parcu Publisher: Springer ISBN: 3030029379 Category : Business & Economics Languages : en Pages : 338
Book Description
This book addresses major issues facing postal and delivery services throughout the world. Worldwide, there is currently a considerable amount of interest in postal and delivery economics. The industry is reacting to a state of near crisis and is implementing different drastic changes. The European Commission and member States are still wrestling with the problem of how to implement entry liberalization into postal markets, how to address digital competition, and how to maintain the universal service obligation (USO). The Postal Accountability and Enhancement Act of 2006 in the U.S. has perhaps created and exacerbated the problems faced by USPS. Digitalisation, technological development and online platforms are strongly affecting both the way postal and delivery operators are managing their services as well as their role on the market. Strong emphasis was attributed to the assets of Postal Operators (POs) and their added value in the digital age as well as on new business strategies. This volume presents original essays by prominent researchers in the field, selected and edited from papers presented at this year’s 26th Conference on Postal and Delivery Economics held in Split, Croatia, from May 30- June 2, 2018.Topics addressed by this volume include quality of service, last mile solutions, and competition in the liberalized market. This book will be a useful tool not only for graduate students and professors, but also for postal administrations, consulting firms, and federal government departments.
Author: Delphine Defossez Publisher: Routledge ISBN: 1000609790 Category : Law Languages : en Pages : 176
Book Description
The book starts from the premise that the current aviation framework, in Brazil, cannot sustain a full liberalisation in the long run. While the competition rules in place offer a strong framework, which only requires small modifications, these rules are not "enough" to foster a "healthy" liberalisation. In fact, until recently, Brazilian airlines were operating in a homogenous market, where competition was artificial. This artificial competition, obtained through the imposition of a legal obligation to provide water and a snack and grant a 23kg bag allowance, has resulted in a highly concentrated domestic market with very few players. Compared to other same size markets, such as China or India, Brazil is far behind in terms of airlines operating at national level. Consequently, the opening of the domestic market must be closely regulated to avoid national carriers suffocating under external pressure. For this reason, state intervention during the liberalisation process is crucial. State intervention is also with regard to the protection of passengers. The other major problem is the protection framework for passengers which is much too uncertain and burdensome. In a sense, it is detrimental to the domestic market and passengers. Indeed, there is no harmonisation of passenger compensation leading to contradictory judgments and possible high moral damages which hinders legal certainty for airlines. Compared to the situation in the EU, in Brazil, airlines have a limited range of defences, which are often dismissed by courts. This book, therefore, critically analyses the policies and regulations in place by mainly comparing the Brazilian framework to the European one. This choice has been motivated by the fact that European liberalisation is considered the best so far, and as Brazil is starting this process much later, it could benefit from the European experience. This book will be of particular interest to scholars and practitioners interested in the Brazilian system.
Author: United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust, Competition Policy, and Consumer Rights Publisher: ISBN: Category : Business & Economics Languages : en Pages : 128
Author: Oliver M. Richard
Author: Oliver M. Richard
Author: Olivier Armantier
Author: Olivier Armantier
Author: Darin Lee
Author: James Peoples
Author: European Commission
Author: Olivier Armantier
Author: Pier Luigi Parcu
Author: Delphine Defossez
Author: United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust, Competition Policy, and Consumer Rights