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首页> 外文期刊>Managerial and decision economics: The international journal of research and progress in management economics >The International Drivers of Domestic Airline Mergers in Twenty Nations: Integrating Industrial Organization and International Business
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The International Drivers of Domestic Airline Mergers in Twenty Nations: Integrating Industrial Organization and International Business

机译:二十国国内航空公司并购的国际驱动力:产业组织与国际业务的整合

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摘要

The domestic airline merger phenomenon of the late 1980s and early 1990s sparked a great deal of Industrial Organization (IO) literature; yet, that literature neglected non-US domestic mergers and potential for international competitive gains. Using an International Business perspective to complement an IO analysis, I argue that factoring international competitive incentives helps explain domestic airline merger activity. A Cournot model of airline competition illustrates that domestic mergers, via enhanced domestic networks and reduced domestic competition, generate international competitive gains. Further, empirical tests - using a structural equations approach on panel data covering international city-pair market segments - support domestic mergers improving international competitiveness.
机译:1980年代末和1990年代初的国内航空公司合并现象激发了许多工业组织(IO)的文献。但是,该文献忽略了非美国国内合并以及国际竞争收益的潜力。我使用国际业务的观点来补充对IO的分析,我认为考虑国际竞争激励因素有助于解释国内航空公司的合并活动。航空公司竞争的古诺模型表明,国内合并通过增强的国内网络和减少的国内竞争而产生国际竞争收益。此外,实证检验-对覆盖国际城市对细分市场的面板数据使用结构方程式方法-支持国内并购提高国际竞争力。

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