Hybrid cooperation agreements in networks: The case of the airline industry

This paper develops a unified framework to analyze a continuum of hybrid cooperation agreements along two dimensions: their degree of revenue sharing (scope of alliances) and their degree of cost sharing (scope of joint ventures). The analysis focuses on the air transportation industry, distinguishi...

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Detalhes bibliográficos
Autores: Fageda, Xavier, 1975-, Flores-Fillol, Ricardo, Theilen, Bernd
Tipo de documento: artigo
Estado:Versión aceptada para publicación
Data de publicação:2019
País:España
Recursos:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
Repositório:Recercat. Dipósit de la Recerca de Catalunya
OAI Identifier:oai:recercat.cat:2445/164167
Acesso em linha:https://hdl.handle.net/2445/164167
Access Level:Acceso aberto
Palavra-chave:Cooperació empresarial
Transport aeri
Aliança d'empreses
Enterprise cooperation
Commercial aeronautics
Joint ventures
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repository_id_str
spelling Hybrid cooperation agreements in networks: The case of the airline industryFageda, Xavier, 1975-Flores-Fillol, RicardoTheilen, BerndCooperació empresarialTransport aeriAliança d'empresesEnterprise cooperationCommercial aeronauticsJoint venturesThis paper develops a unified framework to analyze a continuum of hybrid cooperation agreements along two dimensions: their degree of revenue sharing (scope of alliances) and their degree of cost sharing (scope of joint ventures). The analysis focuses on the air transportation industry, distinguishing between interline and interhub markets. As economies of traffic density become stronger, we find that the socially optimal cooperation agreement moves from full alliance to joint venture in interline markets, whereas it moves from joint ventureto merger in interhub markets. These results are driven by the tradeoff between a procompetitive effect of alliances in interline markets and an anticompetitive effect in interhub markets, along with the efficiency gains associated with joint ventures in interhub markets. We also develop an empirical application for intercontinental routes for the period 2010-2016 that identifies a positive impact of deeper degrees of airline cooperation (revenue and cost sharing) on traffic, both in interline and interhub markets. Therefore, the potential anticompetitive effect of deeper alliances in interhub markets is not observed in our sample.Elsevier B.V.2020202220192020info:eu-repo/semantics/articleinfo:eu-repo/semantics/acceptedVersion34 p.application/pdfhttps://hdl.handle.net/2445/164167Articles publicats en revistes (Econometria, Estadística i Economia Aplicada)reponame:Recercat. Dipósit de la Recerca de Catalunyainstname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)InglésVersió postprint del document publicat a: https://doi.org/10.1016/j.ijindorg.2017.10.008International Journal of Industrial Organization, 2019, vol. 62, num. January, p. 194-227https://doi.org/10.1016/j.ijindorg.2017.10.008cc-by-nc-nd (c) Elsevier B.V., 2019http://creativecommons.org/licenses/by-nc-nd/3.0/esinfo:eu-repo/semantics/openAccessoai:recercat.cat:2445/1641672026-05-29T05:05:01Z
dc.title.none.fl_str_mv Hybrid cooperation agreements in networks: The case of the airline industry
title Hybrid cooperation agreements in networks: The case of the airline industry
spellingShingle Hybrid cooperation agreements in networks: The case of the airline industry
Fageda, Xavier, 1975-
Cooperació empresarial
Transport aeri
Aliança d'empreses
Enterprise cooperation
Commercial aeronautics
Joint ventures
title_short Hybrid cooperation agreements in networks: The case of the airline industry
title_full Hybrid cooperation agreements in networks: The case of the airline industry
title_fullStr Hybrid cooperation agreements in networks: The case of the airline industry
title_full_unstemmed Hybrid cooperation agreements in networks: The case of the airline industry
title_sort Hybrid cooperation agreements in networks: The case of the airline industry
dc.creator.none.fl_str_mv Fageda, Xavier, 1975-
Flores-Fillol, Ricardo
Theilen, Bernd
author Fageda, Xavier, 1975-
author_facet Fageda, Xavier, 1975-
Flores-Fillol, Ricardo
Theilen, Bernd
author_role author
author2 Flores-Fillol, Ricardo
Theilen, Bernd
author2_role author
author
dc.subject.none.fl_str_mv Cooperació empresarial
Transport aeri
Aliança d'empreses
Enterprise cooperation
Commercial aeronautics
Joint ventures
topic Cooperació empresarial
Transport aeri
Aliança d'empreses
Enterprise cooperation
Commercial aeronautics
Joint ventures
description This paper develops a unified framework to analyze a continuum of hybrid cooperation agreements along two dimensions: their degree of revenue sharing (scope of alliances) and their degree of cost sharing (scope of joint ventures). The analysis focuses on the air transportation industry, distinguishing between interline and interhub markets. As economies of traffic density become stronger, we find that the socially optimal cooperation agreement moves from full alliance to joint venture in interline markets, whereas it moves from joint ventureto merger in interhub markets. These results are driven by the tradeoff between a procompetitive effect of alliances in interline markets and an anticompetitive effect in interhub markets, along with the efficiency gains associated with joint ventures in interhub markets. We also develop an empirical application for intercontinental routes for the period 2010-2016 that identifies a positive impact of deeper degrees of airline cooperation (revenue and cost sharing) on traffic, both in interline and interhub markets. Therefore, the potential anticompetitive effect of deeper alliances in interhub markets is not observed in our sample.
publishDate 2019
dc.date.none.fl_str_mv 2019
2020
2020
2022
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/acceptedVersion
format article
status_str acceptedVersion
dc.identifier.none.fl_str_mv https://hdl.handle.net/2445/164167
url https://hdl.handle.net/2445/164167
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Versió postprint del document publicat a: https://doi.org/10.1016/j.ijindorg.2017.10.008
International Journal of Industrial Organization, 2019, vol. 62, num. January, p. 194-227
https://doi.org/10.1016/j.ijindorg.2017.10.008
dc.rights.none.fl_str_mv cc-by-nc-nd (c) Elsevier B.V., 2019
http://creativecommons.org/licenses/by-nc-nd/3.0/es
info:eu-repo/semantics/openAccess
rights_invalid_str_mv cc-by-nc-nd (c) Elsevier B.V., 2019
http://creativecommons.org/licenses/by-nc-nd/3.0/es
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv 34 p.
application/pdf
dc.publisher.none.fl_str_mv Elsevier B.V.
publisher.none.fl_str_mv Elsevier B.V.
dc.source.none.fl_str_mv Articles publicats en revistes (Econometria, Estadística i Economia Aplicada)
reponame:Recercat. Dipósit de la Recerca de Catalunya
instname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
instname_str Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
reponame_str Recercat. Dipósit de la Recerca de Catalunya
collection Recercat. Dipósit de la Recerca de Catalunya
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,811543

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