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Title: Airline Consolidation: Monopoly Power or Mature Industry?
Accession Number: 01613782
Record Type: Component
Availability: Find a library where document is available Abstract: Market concentration in the U.S. airline industry today raises concerns about the airlines having too much market power, undoing the benefits that consumers have gained in the past three decades. Nevertheless, the U.S. Department of Justice (DOJ) had allowed five major airline mergers in the past 11 years, despite expressing concerns in some of the cases. The concerns expressed by DOJ and others have centered around five aspects of the U.S. airline industry: scope of consolidation, prices, output, profits, and market barriers. This article first describes each of these aspects and then explores the confounding factors behind them. Confounding factors include price transparency and ancillary fees; improved network efficiencies; market saturation; changes in U.S. income distribution; and increases in airline productivity.
Language: English
Authors: Berry, ThomasHarback, KatherineTsao, SimonWelman, StephenPagination: pp 46-51
Publication Date: 2016-7
Serial: Media Type: Digital/other
Features: Figures; Glossary; Photos; References
TRT Terms: Identifier Terms: Geographic Terms: Subject Areas: Aviation; Economics
Files: TRIS, TRB, ATRI
Created Date: Oct 11 2016 2:36PM
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