| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12730 |
| DP12730 Coordinated Capacity Reductions and Public Communication in the Airline Industry | |
| Federico Ciliberto; Gaurab Aryal; Benjamin Leyden | |
| 发表日期 | 2019-02-12 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | We investigate whether legacy U.S. airlines communicated via earnings calls to coordinate with other legacy airlines in offering fewer seats on competitive routes. To this end, we first use text analytics to build a novel dataset on communication among airlines about their capacity choices. Estimates from our preferred specification show that when all legacy airlines in a market discuss the concept of "capacity discipline," they reduce offered seats by 1.79%. We verify that this reduction materializes only when airlines communicate concurrently, and that it cannot be explained by other possibilities, including that airlines are simply announcing to investors their unilateral intentions to reduce capacity, and then following through on those announcements. Additional results from conditional-exogeneity tests and control function estimates confirm our interpretation. |
| 主题 | Industrial Organization |
| 关键词 | Airlines Communication Collusion Capacity discipline Text data |
| URL | https://cepr.org/publications/dp12730-2 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/542338 |
| 推荐引用方式 GB/T 7714 | Federico Ciliberto,Gaurab Aryal,Benjamin Leyden. DP12730 Coordinated Capacity Reductions and Public Communication in the Airline Industry. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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