Domestic Airline Alliances and Consumer Welfare
Domestic Airline Alliances and Consumer Welfare
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DOI：
10.2139/ssrn.869240
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发表时间：
2007-07
期刊：
影响因子：
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通讯作者：
Olivier Armantier;O. Richard
中科院分区：
文献类型：
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作者：
Olivier Armantier;O. Richard
本文研究了美国大陆航空公司和西北航空公司之间最近的代码共享协议的消费者福利后果。我们开发了一个离散的选择模型的基础上，个人的飞行特性。该结构模型认识到，消费者（i）可能对航班属性有不同的偏好，以及（ii）可能对同一航班面临不同的价格。实证方法还涉及因缺乏消费者一级价格数据而产生的计量误差问题。估计结果表明，而代码共享协议并没有影响消费者显着平均，它增加了连接乘客的平均盈余，但减少了直达乘客的平均盈余。有趣的是，我们的福利结果的大小可能在很大程度上归因于产品特性而不是价格的变化。版权所有（c）2008，兰德。
This article investigates the consumer welfare consequences of the recent code-share agreement between Continental Airlines and Northwest Airlines. We develop a discrete choice model based on individual flight characteristics. This structural model recognizes that consumers (i) may have heterogeneous preferences for flight attributes, and (ii) may face different prices for the same flight. The empirical methodology also deals with the measurement error problem stemming from the absence of consumer-level data on prices. The estimation results suggest that, whereas the code-share agreement did not impact consumers significantly on average, it increased the average surplus of connecting passengers but decreased the average surplus of nonstop passengers. Interestingly, the magnitude of our welfare results may be attributed in large part to changes in product characteristics other than prices. Copyright (c) 2008, RAND.