Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Bankruptcy in international vs domestic markets: Evidence from the airline industry
Abstract We study the effects of Chapter 11 bankruptcy protection on competitive product pricing in both domestic and international markets using data from the airline industry. We find a decline of about 5% in domestic markets and an even more significant drop in international markets. Further, in international markets the competing carriers respond by dropping their prices as well, whereas they slightly increase them domestically. By contrast, existing literature considers only domestic markets finding a more moderate fare drop of about 3% in domestic markets by the bankrupt carrier, with mixed results on the fare drop by competitors.
Bankruptcy in international vs domestic markets: Evidence from the airline industry
Abstract We study the effects of Chapter 11 bankruptcy protection on competitive product pricing in both domestic and international markets using data from the airline industry. We find a decline of about 5% in domestic markets and an even more significant drop in international markets. Further, in international markets the competing carriers respond by dropping their prices as well, whereas they slightly increase them domestically. By contrast, existing literature considers only domestic markets finding a more moderate fare drop of about 3% in domestic markets by the bankrupt carrier, with mixed results on the fare drop by competitors.
Bankruptcy in international vs domestic markets: Evidence from the airline industry
Bock, Sebastian (Autor:in) / Mantin, Benny (Autor:in) / Niemeier, Hans-Martin (Autor:in) / Forsyth, Peter John (Autor:in)
Transportation Research Part A: Policy and Practice ; 132 ; 728-743
01.01.2019
16 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
Airline industry , Bankruptcy , Chapter 11 , G33 , L13 , L93 , K2
| British Library Online Contents | 2011
Leasing and profitability: Empirical evidence from the airline industry
| Elsevier | 2017