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Prof. Hangjun Yang's Lecture Notice:A Comparative Analysis of Price Effects of Two Airline Mergers in China

Publish Date: 2017/11/23 17:16:54    Hits:

Title:A Comparative Analysis of Price Effects of Two Airline Mergers in China

Host:Prof.Hangjun Yang fromUniversity of International Business and Economics

Time:11.29 10:00-12:00

Location:A1048

Abstract:This paper examines the price effects of two influential airline mergers taking place in China in 2010. We find that

both mergers triggered significant price increases on routes affected by mergers. Shortly after the mergers, the price rise was larger for China Eastern and Shanghai Airlines (overlapping network) than that of Air China and Shenzhen Airlines (complementary network). However, it was the other way around in the long run.We also find that high-speed rail had a significantly negative impact on airfare before early 2014. However, after early 2014, the entry of high-speed rail was associated with airfare increases.