多市场联系和能力:来自美国航空业的证据

IF 1.1 4区 工程技术 Q4 MANAGEMENT
Su, L Dresner
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引用次数: 3

摘要

摘要:本文研究了多市场接触与企业竞争性供给决策之间的关系。利用美国航空公司的交通数据,我们发现航空公司的MMC与市场上的可用座位呈负相关。这一发现为“相互容忍假说”提供了支持,表明MMC促进了产能供给的隐性串通。我们还发现,在长距离航线上,隐性串通可能更难实现,因为在长距离航线上,运营商难以监控通过间接航线竞争的对手的能力。在较长距离的线路上,MMC与运力之间的负相关关系减弱。最后,我们发现MMC对运力的负面影响在过去10年中有所增强。由于MMC对降低运力的影响可能导致更高的机票价格,我们的研究结果有助于重要的反垄断考虑。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Multimarket Contact and Capacity: Evidence from the US Airline Industry
Abstract:This study examines the relationship between multimarket contact (MMC) and competitive supply decisions by firms. Using US air-carrier traffic data, we find that a carrier's MMC is negatively associated with the available seats in a market. This finding provides support for the "mutual forbearance hypothesis" and suggests that MMC facilitates tacit collusion in the supply of capacity. We also find that tacit collusion may be more difficult to achieve on longer-distance routes, where carriers face difficulties monitoring the capacities of rivals that compete through indirect routings. On the longer-distance routes, the negative relationship between MMC and capacity thus diminishes. Finally, we show that the negative impact of MMC on capacity has increased in strength over the past 10 years. Since the impact of MMC on reducing capacity may lead to higher airfares, our findings contribute to important antitrust considerations.
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来源期刊
CiteScore
2.40
自引率
4.30%
发文量
6
期刊介绍: Transportation Journal is devoted to the publication of articles that present new knowledge relating to all sectors of the supply chain/logistics/transportation field. These sectors include supply chain/logistics management strategies and techniques; carrier (transport firm) and contract logistics firm (3PL and 4PL) management strategies and techniques; transport economics; regulation, promotion, and other dimensions of public policy toward transport and logistics; and education.
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