213,043 research outputs found

    On the Choice between Strategic Alliance and Merger in the Airline Sector: the Role of Strategic Effects

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    We consider a market with three competitors, two of which decide to cooperate. Firms first choose capacity under demand uncertainty then compete in quantities after the uncertainty has been resolved. We specify strategic alliance (SA) as an agreement where two airlines jointly choose capacity and divide it among themselves. Contrary to the full merger case, after demand is revealed the alliance members market their capacity shares independently. Our main result is that the profit of the cooperating firms is greater under SA than under full merger.Strategic alliance, capacity, airline industry

    On the Choice between Strategic Alliance and Merger in the Airline Sector: the Role of Strategic Effects

    Get PDF
    We consider a market with three competitors, two of which decide to cooperate. Firms first choose capacity under demand uncertainty then compete in quantities after the uncertainty has been resolved. We specify strategic alliance (SA) as an agreement where two airlines jointly choose capacity and divide it among themselves. Contrary to the full merger case, after demand is revealed the alliance members market their capacity shares independently. Our main result is that the profit of the cooperating firms is greater under SA than under full merger.Strategic alliance, capacity, airline industry

    Equity and economic theory: reflections on methodology and scope

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    This paper provides an introduction to the recent literature on ordinal distributive justice. Its objetive is to explain the process of the mathematical analysis of fairness and to consider its potential for solving real allocative problems by means of several illustrative examples

    MENELUSURI PERKEMBANGAN TEORI KEKAYAAN MEDIA

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    The medium in this theory is defined as any form of communication channels is one of the very important elements of communication. Our ability to choose the appropriate media in conveying the message would determine the performance or effectiveness we divide the message to others. Media richness theory (TKM) said that not every media match with any kind of task or message would we send. Each media has its advantages and disadvantages of each. Rich media is suitable for its high equivocality task types, whereas a poor media (Lean media) matches tugs or message that has a low equivocality. The more a potential message multiple interpretations (equivocal), is uncertain, then the strategic nature required an increasingly rich media. Daft and Lengel According to media, wealth can be measured by four criteria: (1) the ability to convey variety of instructions; (2) The immediacy of feedback; (3) the ability to present a variety of study; and finally the ability to 'personalize' the message to the recipient

    Bridging the Innovation Divide: An Agenda for Disseminating Technology Innovations within the Nonprofit Sector

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    Examines technology practices -- such as neighborhood information systems, electronic advocacy, Internet-based micro enterprise support, and digital inclusion initiatives -- that strengthen the capacity of nonprofits and community organizations

    Alliances in the Shadow of Conflict

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    Victorious alliances often fight about the spoils of war. This paper presents an experiment on the determinants of whether alliances break up and fight internally after having defeated a joint enemy. First, if peaceful sharing yields an asymmetric rent distribution, this increases the likelihood of fighting. In turn, anticipation of the higher likelihood of internal fight reduces the alliance’s ability to succeed against the outside enemy. Second, the option to make non-binding declarations on non-aggression in the relationship between alliance members does not make peaceful settlement within the alliance more likely. Third, higher differences in the alliance players’ contributions to alliance effort lead to more internal conflict and more intense fighting
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