Analyzing the Effects of Temporary Antitrust Immunity PDF Download
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Author: Rene Y. Kamita
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
While several studies have examined the effects of cartels, in few instances is data available that allows us to examine post-cartel behavior. In this paper, I use data on inter-island airfares to examine the effects of an antitrust immunity agreement that allowed two airlines to coordinate capacity for a limited period of time. I find not only that prices rose during the period of coordination, but that they remained high until the entry of a new competitor, two and a half years after immunity expired. That the incumbent airlines were able to sustain supracompetitive fares well past the end of immunity suggests even short-lived grants of immunity can have persistent effects. Policy makers should view even temporary grants of immunity with great skepticism, particularly in markets that already exhibit characteristics that may facilitate coordination. A previous version of this paper, "Analyzing the Impact of Antitrust Immunity: Price Effects Following the Aloha-Hawaiian Antitrust Immunity Agreement," was circulated as EAG Discussion Paper No. 05-9.
Author: Rene Kamita
Publisher:
ISBN:
Category : Antitrust investigations
Languages : en
Pages : 0
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Book Description
"This paper examines the impact of an agreement in which two airlines, Aloha Airlines, Inc. ("Aloha") and Hawaiian Airlines, Inc. ("Hawaiian"), were allowed to coordinate capacity, monitor each other, and punish each other for deviations from capacity and sales targets. The agreement spanned ten months and covered five Hawaiian airports, including four routes that routinely ranked among the top domestic city-pairs based on passenger traffic. The airlines maintained coordination was necessary to allow them to stem their financial losses and respond to declines in demand that had been exacerbated by the events of September 11, 2001. The U. S. Department of Justice ("DOJ") objected to the airlines' application, arguing that the agreement was unnecessary, would explicitly discourage competition, and that the airlines might find it profitable to engage in tacit collusion after it expired. Immunity was granted by the U. S. Department of Transportation ("DOT") in September 2002, and the agreement took effect between December 2002 and October 2003"
Author: Rene Y. Kamita
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
While several studies have examined the effects of cartels, in few instances is data available that allows us to examine post-cartel behavior. In this paper, I use data on inter-island airfares to examine the effects of an antitrust immunity agreement that allowed two airlines to coordinate capacity for a limited period of time. I find not only that prices rose during the period of coordination, but that they remained high until the entry of a new competitor, two and a half years after immunity expired. That the incumbent airlines were able to sustain supracompetitive fares well past the end of immunity suggests even short-lived grants of immunity can have persistent effects. Policy makers should view even temporary grants of immunity with great skepticism, particularly in markets that already exhibit characteristics that may facilitate coordination. A previous version of this paper, "Analyzing the Impact of Antitrust Immunity: Price Effects Following the Aloha-Hawaiian Antitrust Immunity Agreement," was circulated as EAG Discussion Paper No. 05-9.
Author: Rene Kamita
Publisher:
ISBN:
Category : Airlines
Languages : en
Pages : 58
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Book Description
Author: James Langenfeld
Publisher: Emerald Group Publishing
ISBN: 1787566013
Category : Business & Economics
Languages : en
Pages : 488
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Book Description
This volume of Research in Law and Economics contains articles that address important legal and economic developments in the areas of healthcare, intellectual property and labor settlements, competitive effects, cartel overcharges, and the U.S. Federal Trade Commission (“FTC”).
Author:
Publisher: Elsevier
ISBN: 0323988881
Category : Business & Economics
Languages : en
Pages : 784
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Book Description
Handbook of Industrial Organization Volume 4 highlights new advances in the field, with this new volume presenting interesting chapters. Each chapter is written by an international board of authors. Part of the renowned Handbooks in Economics series Chapters are contributed by some of the leading experts in their fields A source, reference and teaching supplement for industrial organizations or industrial economists
Author: Robert Bork
Publisher:
ISBN: 9781736089712
Category :
Languages : en
Pages : 536
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Book Description
The most important book on antitrust ever written. It shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses.
Author: James Langenfeld
Publisher: Emerald Group Publishing
ISBN: 178350952X
Category : Business & Economics
Languages : en
Pages : 400
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Book Description
This book focuses on the changing landscape of class action law and its interaction with the economic analysis of key issues in class actions. Articles examine the elements of class action law from diverse viewpoints, featuring defendant and plaintiff perspectives, concerning domestic and international law, and written by lawyers and economists.
Author: Nancy L. Rose
Publisher: University of Chicago Press
ISBN: 022613816X
Category : Business & Economics
Languages : en
Pages : 619
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Book Description
The past thirty years have witnessed a transformation of government economic intervention in broad segments of industry throughout the world. Many industries historically subject to economic price and entry controls have been largely deregulated, including natural gas, trucking, airlines, and commercial banking. However, recent concerns about market power in restructured electricity markets, airline industry instability amid chronic financial stress, and the challenges created by the repeal of the Glass-Steagall Act, which allowed commercial banks to participate in investment banking, have led to calls for renewed market intervention. Economic Regulation and Its Reform collects research by a group of distinguished scholars who explore these and other issues surrounding government economic intervention. Determining the consequences of such intervention requires a careful assessment of the costs and benefits of imperfect regulation. Moreover, government interventions may take a variety of forms, from relatively nonintrusive performance-based regulations to more aggressive antitrust and competition policies and barriers to entry. This volume introduces the key issues surrounding economic regulation, provides an assessment of the economic effects of regulatory reforms over the past three decades, and examines how these insights bear on some of today’s most significant concerns in regulatory policy.
Author: American Bar Association. House of Delegates
Publisher: American Bar Association
ISBN: 9781590318737
Category : Law
Languages : en
Pages : 216
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Book Description
The Model Rules of Professional Conduct provides an up-to-date resource for information on legal ethics. Federal, state and local courts in all jurisdictions look to the Rules for guidance in solving lawyer malpractice cases, disciplinary actions, disqualification issues, sanctions questions and much more. In this volume, black-letter Rules of Professional Conduct are followed by numbered Comments that explain each Rule's purpose and provide suggestions for its practical application. The Rules will help you identify proper conduct in a variety of given situations, review those instances where discretionary action is possible, and define the nature of the relationship between you and your clients, colleagues and the courts.
Author: Nathaniel Grow
Publisher: University of Illinois Press
ISBN: 0252095995
Category : Law
Languages : en
Pages : 297
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Book Description
The controversial 1922 Federal Baseball Supreme Court ruling held that the "business of base ball" was not subject to the Sherman Antitrust Act because it did not constitute interstate commerce. In Baseball on Trial, legal scholar Nathaniel Grow defies conventional wisdom to explain why the unanimous Supreme Court opinion authored by Justice Oliver Wendell Holmes, which gave rise to Major League Baseball's exemption from antitrust law, was correct given the circumstances of the time. Currently a billion dollar enterprise, professional baseball teams crisscross the country while the games are broadcast via radio, television, and internet coast to coast. The sheer scope of this activity would seem to embody the phrase "interstate commerce." Yet baseball is the only professional sport--indeed the sole industry--in the United States that currently benefits from a judicially constructed antitrust immunity. How could this be? Drawing upon recently released documents from the National Baseball Hall of Fame, Grow analyzes how the Supreme Court reached this seemingly peculiar result by tracing the Federal Baseball litigation from its roots in 1914 to its resolution in 1922, in the process uncovering significant new details about the proceedings. Grow observes that while interstate commerce was measured at the time by the exchange of tangible goods, baseball teams in the 1910s merely provided live entertainment to their fans, while radio was a fledgling technology that had little impact on the sport. The book ultimately concludes that, despite the frequent criticism of the opinion, the Supreme Court's decision was consistent with the conditions and legal climate of the early twentieth century.
