G2TT
来源类型Discussion paper
规范类型论文
来源IDDP12730
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
URLhttps://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.
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