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

被引：32
|
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.
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页码：336 / 362
页数：27
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