Econ Papers Daily / 期刊论文
美国航空与美国航空集团合并中的协调效应
Coordinated Effects in the American Airlines‐US Airways Merger
摘要
I study the potential for collusion before and after the American Airlines‐US Airways merger. Results suggest the merger increased major airlines' incentives to coordinate their pricing decisions. US Airways was disinclined to collude prior to the merger due to its unique route structure which was highly dependent on connecting products. The merger, by combining the networks of US Airways and American Airlines, reduced US Airways' dependence on connecting products and enhanced its incentives to collude. Absent US Airways' unique premerger network structure, the merger would not have substantially increased major airlines' incentives to collude.
中文摘要
我研究了美国航空与全美航空合并前后共谋的可能性。结果表明，合并增强了主要航空公司协调定价决策的动机。合并前，全美航空因其独特的航线结构，高度依赖中转产品，而不倾向于共谋。合并通过整合全美航空与美国航空的网络，降低了全美航空对中转产品的依赖，并增强了其共谋动机。若无全美航空合并前独特的网络结构，该合并不会显著增强主要航空公司的共谋动机。