Showing 1 - 10 of 26
We investigate the competitive effects of the merger between Delta Air Lines and Northwest Airlines (2009) in the … increases of about 11 percent on overlapping routes and about 10 percent on routes which experienced a merger-induced switch of … the operating carrier. Over a longer period, however, our analysis reveals that both merger efficiencies and post-merger …
Persistent link: https://www.econbiz.de/10010985667
larger price increases than mergerrelated exits. Within the merger category, our analysis reveals significant price increases … on all affected routes immediately after the exit events. In the medium and long-run, however, realized merger …
Persistent link: https://www.econbiz.de/10010985684
America West Airlines - US Airways merger completed in 2005. We find that although average prices increased substantially on … routes in which both airlines competed either on a non-stop or one-stop basis prior to the merger, substantial average price … reductions observed for routes without any premerger overlap suggest that the merger led to a net increase in consumer welfare. …
Persistent link: https://www.econbiz.de/10010985706
Theoretical research has investigated the relevance of entry-inducing effects as countervailing factor to a merger …-related increase in market power. We use route-level data for the America West Airlines - US Airways merger (2005) to investigate …
Persistent link: https://www.econbiz.de/10010985712
This study investigates the determinants of changes in corporate ownership and firm failure, taking into account different types of sellers and buyers of control blocks. For a large panel of German corporations we find that firms are more likely to fail or to be sold when performance is poor,...
Persistent link: https://www.econbiz.de/10005097846
This paper investigates the motive of pre-empting technology competition through mergers and acquisitions (M&A). Exploiting the patent application procedure at the European Patent Office we introduce a new measure for the possibility to create entry barriers in technology markets. Our results...
Persistent link: https://www.econbiz.de/10005098265
probability that a bank is taken over as a function of bank and country characteristics and the transparency of merger control … regulatory process is transparent. Particularly large banks seem to be less likely to be taken over by foreign banks if merger …
Persistent link: https://www.econbiz.de/10008474660