Airport concentration and market power: An events study approach

被引：12

作者：

Hergott, MJ

机构：

[1] Duke University,The Fuqua School of Business

[2] Towerview Drive,undefined

来源：

REVIEW OF INDUSTRIAL ORGANIZATION | 1997年 / 12卷 / 5-6期

关键词：

merger; airlines; events study; market power;

D O I：

10.1023/A:1007700827041

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper presents independent confirmation of the results obtained in recent studies that suggest mergers and acquisitions creating airline dominance at the airport level lead to market power. Using a different methodology - an events study for the 1986 merger of Northwest Orient Airlines and Republic Airlines - this paper confirms those results, indicating that concentration in the context of the sunk costs associated with the operation at a particular airport facility allows market power in the airline industry.

引用

页码：793 / 800

页数：8