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.
Trends in competition in the United States: what does the evidence show?
Has the United States economy become less competitive in recent decades? One might think so based on a body of research that has rapidly become influential for...