The Impact of Mergers on Quality Provision: Evidence from the Airline Industry

被引：34

作者：

Prince, Jeffrey T. ^{[1
]}

Simon, Daniel H. ^{[2
]}

机构：

[1] Indiana Univ, Kelley Sch Business, Bloomington, IN 47405 USA

[2] Indiana Univ, Sch Publ & Environm Affairs, Bloomington, IN USA

来源：

JOURNAL OF INDUSTRIAL ECONOMICS | 2017年 / 65卷 / 02期

关键词：

ON-TIME PERFORMANCE; SERVICE QUALITY; MARKET POWER; CONSOLIDATION; COMPETITION; FIRMS;

D O I：

10.1111/joie.12136

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We examine how mergers affect quality provision by analyzing five U.S. airline mergers, focusing on on-time performance (OTP). We find that airline mergers have minimal negative impacts on OTP, and likely result in long-run improvements due to efficiencies. Importantly, we show that this finding is not driven by post-merger changes in price that could affect OTP. Consequently, at least in the case of airlines, policymakers should not, as a rule, fear the negative quality effects of mergers.

引用

页码：336 / 362

页数：27

共 30 条

[1] THE POST-MERGER PERFORMANCE OF ACQUIRING FIRMS - A REEXAMINATION OF AN ANOMALY [J].

AGRAWAL, A ;

JAFFE, JF ;

MANDELKER, GN .

JOURNAL OF FINANCE, 1992, 47 (04) :1605-1621

[2]

BORENSTEIN S, 1990, AM ECON REV, V80, P400

[3] Internalization of airport congestion: A network analysis [J].

Brueckner, JK .

INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION, 2005, 23 (7-8) :599-614

[4] Hospital consolidation and negotiated PPO prices [J].

Capps, C ;

Dranove, D .

HEALTH AFFAIRS, 2004, 23 (02) :175-181

[5] BENEFITS AND COSTS OF AIRLINE MERGERS - A CASE-STUDY [J].

CARLTON, DW ;

LANDES, WM ;

POSNER, RA .

BELL JOURNAL OF ECONOMICS, 1980, 11 (01) :65-83

[6]

Chen Y., 2013, 51238 MPRA U MUN

[7]

DAFNY L, 2005, 11673 NBER

[8] Ownership Consolidation and Product Characteristics: A Study of the US Daily Newspaper Market [J].

Fan, Ying .

AMERICAN ECONOMIC REVIEW, 2013, 103 (05) :1598-1628

[9] TAKEOVERS, SHAREHOLDER RETURNS, AND THE THEORY OF THE FIRM [J].

FIRTH, M .

QUARTERLY JOURNAL OF ECONOMICS, 1980, 94 (02) :235-260

[10] Are mergers beneficial to consumers? Evidence from the market for bank deposits [J].

Focarelli, D ;

Panetta, F .

AMERICAN ECONOMIC REVIEW, 2003, 93 (04) :1152-1172

← 1 2 3 →