Arbeitspapier
The competitive effects of firm exit: Evidence from the US airline industry
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.
- Sprache
-
Englisch
- Erschienen in
-
Series: ZEW Discussion Papers ; No. 12-037
- Klassifikation
-
Wirtschaft
- Thema
-
airline industry
exit
liquidation
merger
efficiencies
entry-inducing effects
Luftverkehrsgesellschaft
Marktaustritt
Liquidation
Fusion
Luftverkehr
Wettbewerb
Preis
Schätzung
USA
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Hüschelrath, Kai
Müller, Kathrin
- Ereignis
-
Veröffentlichung
- (wer)
-
Zentrum für Europäische Wirtschaftsforschung (ZEW)
- (wo)
-
Mannheim
- (wann)
-
2012
- Handle
- URN
-
urn:nbn:de:bsz:180-madoc-323197
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Hüschelrath, Kai
- Müller, Kathrin
- Zentrum für Europäische Wirtschaftsforschung (ZEW)
Entstanden
- 2012
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