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

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