In this article, CRA’s Yajing Jiang and her coauthor review the recent economic literature on airline partnerships, explain the intuitions behind canonical economic theoretical models, and summarize the empirical findings of the price and non-price effects of the various forms of partnerships. Given the mixed empirical findings, the article underscores the importance of antitrust practitioners considering facts backed by documents and data when citing numerical estimates from the literature.
Special interests vs. the public interest: The cost of STR restrictions on households, cities, and visitors
STRs have provided a competitive alternative to hotels, helping owners earn income and afford their homes. They also support local jobs and businesses and...