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Kobe University Repository : Kernel タイトル Title 著者 Author(s) 掲載誌巻号ページ Citation 刊行日 Issue date 資源タイプ Resource Type 版区分 Resource Version 権利 Rights DOI JaLCDOI

: The Cases of Southwest Airlines and Airtran Airways in the US Airline Industry (Structural Changes and Transport Policy in the Transport Industry)) 朝日, 亮太

1 Kobe University Repository : Kernel タイトル Title 著者 Author(s) 掲載誌巻号ページ Citation 刊行日 Issue date 資源タイプ Resource Type 版区分 Resource Version 権利 Rights DOI JaLCDOI URL M&A がマルチマーケットコンタクト効果に及ぼす影響に関する実証分析 : サウスウエストとエアトランのケース (< 特集 > 交通産業の構造変化と交通政策 )(An Empirical Analysis of the Impact of M&A on Effects of Multimarket Contact : The Cases of Southwest Airlines and Airtran Airways in the US Airline Industry (Structural Changes and Transport Policy in the Transport Industry)) 朝日, 亮太國民經濟雜誌,216(1): Departmental Bulletin Paper / 紀要論文 publisher /E PDF issue:

3 M&A M&A US M&A M&A M&A M&A M&A

4 Bernheim and Whinston 1990 Scott 1982, Feinberg 1985, Scott 1991 Pilloff 1999, Do Bonis and Ferrando 2000, Coccorese and Pellecchia 2009, Kasman and Kasman 2016 Stickland 1985, Hughes and Oughton 1993 Jans and Rosenbaum 1996 Parker and 1997, Busse 2000 Kalnins 2004 Evans and Kessides 1994 Singal 1996 Baum and Korn 1999 U Gimeno and Woo 1999 Zhang and Round 2009 M&A M&A M&A Borenstein 1990 Kim and Singal 1993 Morrison 1996

5 M&A US Piedmont M&A Luo 2014 and 2015 and 2014 US US Dresner et al Windle and Dresner 1999 Morrison 2001 Goolsbee and Syverson 2008 Dziedzic and Warnock-Smith 2016 Dobruszke et al Daft and Albers 2015 M&A Bilotkach 2011 US Zou et al. 2011a Murakami and Asahi 2011 Zou et al. 2011b

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8 IATA XX OD PLUS DB1A Bureau of Economic Analysis, U.S. Department of Commerce Wald

9 M&A Wald Demand Function Price Function Variable Coefficient S.E Variable Coefficient S.E P. ***. Q. ***. D. ***. MC. ***. INC. ***. H. ***. POP. ***. LCC. ***.. ***.. ***.. ***.. ***.. ***.. ***.. ***.. ***.. ***.... ***.... ***.. ***.. **.. ***.. ***.. ***.. **.. ***.. ***.. ***.. ***.. ***. CONSTANT. ***. CONSTANT. ***. SYSTEM. Test of the Overall Significance Wald test Null Hypothesis Statistic Null Hypothesis Statistic.***.***.***.***.***.*** *** ** *

10 M&A M&A M&A M&A M&A US

11 M&A White Hausman White Hausman White Hausman I3SLS The Air Carrier Financial Report, Form 41 financial data Brander and Zhang 1990, 1993, Oum et al. 1993, Murakami 2011 Baum, J. A., and Korn, H. J Dynamics of dyadic competitive interaction. Strategic Management Journal, 203, Bernheim, B. D., and Whinston, M. D Multimarket contact and collusive behavior. The RAND Journal of Economics, 211, 126. Bilotkach, V Multimarket contact and intensity of competition: Evidence from an airline merger. Review of Industrial Organization, 381, Borenstein, S Airline mergers, airport dominance, and market power. The American Economic Review, 802, Brander, J. A., and Zhang, A Market conduct in the airline industry: An empirical investigation. The RAND Journal of Economics, 214, Brander, J. A., and Zhang, A Dynamic oligopoly behaviour in the airline industry. International Journal of Industrial Organization, 113, Busse, M. R Multimarket contact and price coordination in the cellular telephone industry. Journal of Economics & Management Strategy, 93, Coccorese, P., and Pellecchia, A Multimarket contact and profitability in banking: Evidence from Italy. Journal of Financial Services Research, 353, Daft, J., and Albers, S An empirical analysis of airline business model convergence. Journal of Air Transport Management, 46, 311. De Bonis, R., and Ferrando, A The Italian banking structure in the 1990s: Testing the multimarket contact hypothesis. Economic Notes, 292, Dobruszkes, F., Givoni, M., and Vowles, T Hello major airports, goodbye regional airports? Recent changes in European and US low-cost airline airport choice. Journal of Air Transport Manage-

12 ment, 59, Dresner, M., Lin, J. S. C., and Windle, R The impact of low-cost carriers on airport and route competition. Journal of Transport Economics and Policy JTEP, 303, Dziedzic, M., and Warnock-Smith, D The role of secondary airports for today s low-cost carrier business models: The European case. Research in Transportation Business & Management, 21, Evans, W. N., and Kessides, I. N Living by the golden rule : Multimarket contact in the US airline industry. The Quarterly Journal of Economics, 1092, Feinberg, R. M Sales-at-Risk : A test of the mutual forbearance theory of conglomerate behavior. Journal of Business, 582, Gimeno, J., and Woo, C. Y Multimarket contact, economies of scope, and firm performance. Academy of Management Journal, 423, Goolsbee, A., and Syverson, C How do incumbents respond to the threat of entry? Evidence from the major airlines. The Quarterly Journal of Economics, 1234, Hughes, K., and Oughton, C Diversification, multi-market contact and profitability. Economica, 60238, , K., and, K Airline networks, mergers, and consumer welfare. Journal of Transport Economics and Policy JTEP, 483, , K., and, K Market power, efficiencies, and entry evidence from an airline merger. Managerial and Decision Economics, 364, Jans, I., and Rosenbaum, D. I Multimarket contact and pricing: Evidence from the US cement industry. International Journal of Industrial Organization, 153, Kalnins, A Divisional multimarket contact within and between multiunit organizations. Academy of Management Journal, 471, Kasman, S., and Kasman, A Multimarket contact, market power and financial stability in the Turkish banking industry. Empirical Economics, 502, Kim, E. H., and Singal, V Mergers and market power: Evidence from the airline industry. The American Economic Review, 833, Luo, D The price effects of the Delta / Northwest airline merger. Review of Industrial Organization, 441, Morrison, S. A Airline mergers: A longer view. Journal of Transport Economics and Policy JTEP, 303, Morrison, S. A Actual, adjacent, and potential competition estimating the full effect of Southwest Airlines. Journal of Transport Economics and Policy JTEP, 352, Murakami, H Time effect of low-cost carrier entry and social welfare in US large air markets. Transportation Research Part E: Logistics and Transportation Review, 473, Murakami, H., and Asahi, R An empirical analysis of the effect of multimarket contacts on US air carriers pricing behaviors. The Singapore Economic Review, 564, Oum, T. H., Zhang, A., and Zhang, Y Inter-firm rivalry and firm-specific price elasticities in deregulated airline markets. Journal of Transport Economics and Policy JTEP, 272,

13 M&A Parker, P. M., and, L. H Collusive conduct in duopolies: Multimarket contact and crossownership in the mobile telephone industry. The RAND Journal of Economics, 282, Pilloff, S. J Multimarket contact in banking. Review of Industrial Organization, 142, Scott, J. T Multimarket contact and economic performance. The Review of Economics and Statistics, 643, Scott, J. T Multimarket contact among diversified oligopolists. International Journal of Industrial Organization, 92, Singal, V Airline mergers and multimarket contact. Managerial and Decision Economics, 176, Strickland, A. D Conglomerate mergers, mutual forbearance behavior and price competition. Managerial and Decision Economics, 63, Windle, R., and Dresner, M Competitive responses to low cost carrier entry. Transportation Research Part E: Logistics and Transportation Review, 351, Zhang, Y., and Round, D. K Policy implications of the effects of concentration and multimarket contact in China s airline market. Review of Industrial Organization, 344, Zou, L., Dresner, M., and Windle, R. 2011a. Many fields of battle how cost structure affects competition across multiple markets. Journal of Transport Economics and Policy JTEP, 451, Zou, L., Yu, C., and Dresner, M. 2011b. Multimarket contact, alliance membership, and prices in international airline markets. Transportation Research Part E: Logistics and Transportation Review, 482,

59-72OGUMA.indd

59-72OGUMA.indd EULCC EU LCC 59 1. EU 1 EU 60 70 6 10.6 2 EU LCC 61 1 62 70 6 10.6 2 EU LCC 2. EU LCC 1 EU LCC EU LCC 63 1 EU LCC 2005 64 70 6 10.6 2 LCC EU LCC 65 2 LCC 66 70 6 10.6 3 LCC 2009 EU LCC 67 3. 68 70 6 10.6

Kobe University Repository : Kernel タイトル Title 著者 Author(s) 掲載誌 巻号 ページ Citation 刊行日 Issue date 資源タイプ Resource Type 版区分 Resource Version 権利 Rights DOI

Kobe University Repository : Kernel タイトル Title 著者 Author(s) 掲載誌巻号ページ Citation 刊行日 Issue date 資源タイプ Resource Type 版区分 Resource Version 権利 Rights DOI