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- handle: 10670/1.5g24mj
- hal: hal-03800655
info:eu-repo/semantics/OpenAccess
Mots-clés
Merger Airlines Network Structural model Nested logit Airfare Demand SupplySujets proches
Pattern Model Air corridors Air lanes Air routes Corridors, Air Routes, Air Skyways (Airways) Lanes, Air Air transportation industry Aviation industry Air carriers Airline industry Air lines Scheduled airlinesCiter ce document
Christian Bontemps et al., « Ex-post evaluation of the American Airlines-US Airways merger: a structural approach », HAL-SHS : économie et finance, ID : 10670/1.5g24mj
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In this paper, we estimate a structural model of the domestic US airline market to analyse the effect of the recent merger between American Airlines and US Airways. Our results show that, between 2011 and 2016, a substantial fuel price drop, in conjunction with changes in consumer preferences towards direct flights, completely rationalises the observed decrease in prices. However, we estimate that, during the same period, more than half of the consumer welfare increase is due, on top of these environmental changes, to the ex-post optimisation of the networks of the newly merged airline and of its competitors.