Globalization and strategic alliances: the case of the airline industry
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Amsterdam [u.a.]
Pergamon
2000
|
| Ausgabe: | 1. ed. |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XXII, 229 S. |
| ISBN: | 0080435963 |
Internformat
MARC
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| 245 | 1 | 0 | |a Globalization and strategic alliances |b the case of the airline industry |c Tae Hoon Oum, Jong-Hun Park and Anming Zhang |
| 250 | |a 1. ed. | ||
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Datensatz im Suchindex
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|---|---|
| adam_text | Contents vii
Contents
List of tables xni
List of figures xv
About the authors xvii
Preface xix
Chapter 1 Introduction i
chapter 2 background on strategic alliances 7
2.1 Economic Reasons for Strategic Alliances: Why Firms Align Each Other 7
Economies of Specialization and Economies of Scale 7
Cross Country Specialization 8
Technological Sophistication of Products and the Need to Become First Mover 8
Market Access Under Entry Barriers in Foreign Countries 9
Risk Sharing 9
Need for Global Brand Formation 10
Convergence of Technology and Products 11
2.2 Reasons for Airline Alliance Formation 11
Expansion of Seamless Service Network 12
Traffic Feed between Partners 13
Cost Efficiency 13
Improvement of Service Quality 13
Marketing Advantages: Frequent Flyer Program and CRS Display 14
Advantage of Market Power and Cooperative Pricing 15
2.3 The History and Current Status of Airline Alliances 15
Alliances with Regional Feeder Carriers 16
The History and Status of Intercontinental Alliances 17
Durability of Alliances 19
2.4 Global Alliance Network and Prospects 21
2.5 Government Involvement in Alliances 24
viii Globalization and Strategic Alliances
The United States 24
The European Union 26
2.6 Summary and Discussion 28
Chapter 3 Areas of Collaboration and
Related Economic Issues 31
3.1 Areas of Collaboration and Joint Activities 31
3.2 Preliminary Observation on Transatlantic Alliances 37
3.3 Economic Issues and Plans for Modeling Chapters 40
3.4 Summary 44
Appendix 3 Case Descriptions of 46 Strategic Alliances 45
Type 3. Investment Alliances 45
Type 2. Broad Commercial Alliances 49
Type 1. Simple Route by Route Alliances 52
Chapter 4 Models of Strategic Alliances 59
4.1 The Model 60
4.2 Effects of Complementary Alliances 63
4.2.1 Output and Profit 63
4.2.2 Total Output, Full Prices and Welfare 65
4.3 Effects of Parallel Alliance 67
4.4 Empirical Test 69
4.5 Summary and Discussion 73
Appendix 4 Proof of Propositions 75
Chapter 5 Effects of Alliances on Productivity, Pricing,
and Profitability si
5.1 Theoretical Framework 82
5.1.1 Alliance Formation and Productivity of Partner Airlines 82
5.1.2 Alliance Formation and Pricing Behavior of Partner Airlines 83
5.1.3 Alliance Formation and Profitability of Partner Airlines 84
5.1.4 Moderating Effects of the Scope of Cooperation 84
5.2 Methodology 85
5.2.1 Data Collection and Sample Description 85
5.2.2 Calculation of Productivity, Pricing, and Profitability Indices of a Firm 88
Contents ix
5.2.3 Method of Analysis 90
5.3 Results 92
5.4 Summary and Discussion 99
Chapter 6 Effects of Alliances on Market Outcomes:
the Case Studies of the Trans Atlantic Alliances 101
6.1 Four Major Alliances 103
6.2 Structural Estimation 104
6.2.1 Structural Model 104
6.2.2 Econometric Issues 105
6.2.3 Data and Variables 108
6.3 Estimation Results 110
6.3.1 Variables in the Demand Equation 110
6.3.2 Variables in the Price Equation 112
6.3.3 Effects on Equilibrium Fares and Passenger Volume 113
6.3.4 Effects on Consumer Surplus 115
6.4 Summary and Discussion 117
Chapter 7 Effects of Alliance on Partners Traffic Routing 119
7.1 Theoretical Model 120
7.2 Empirical Test 125
7.2.1 Data 126
7.2.2 Method of Analysis 127
7.2.3 Test Results 129
7.3 Summary and Discussion 131
Chapter 8 Effects of Alliances on Service Quality 133
8.1 Methodology 134
8.1.1 The Effect of Alliances on Frequency 134
8.1.2 Data 138
8.1.3 The Effect of Alliances on Scheduled Delay 140
8.2 Results 140
8.2.1 Base Case 140
8.2.2 Sensitivity Analysis 142
8.3 Summary and Discussion 146
x Globalization and Strategic Alliances
Chapter 9 Strategic Alliances and Stock Market Reactions 149
9.1 Theoretical Framework 150
9.1.1 Alliance Formation for Value Creation 151
9.1.2 Alliance Attributes for Value Creation 152
9.2 Methodology 154
9.2.1 Sample 154
9.2.2 Method of Analysis 156
9.3 Results 158
9.4 Summary and Discussion 163
Chapter 10 Competition and Liberalization
in a Global Airline Industry 165
10.1 The Model 167
10.2 Effects of Merger on Domestic Profit and Welfare 170
10.3 Unilateral Liberalization under Asymmetric Regulatory Policies 175
10.4 Bilateral and Multilateral Liberalization 177
10.4.1 Multilateral Liberalization under the GATS 177
10.4.2 Bilateral Open Skies Approach 178
10.4.3 Sector Specific Approach and the Role of the WTO 180
10.5 Concluding Remarks 181
Appendix 10 Proof of Propositions 183
Chapter 11 Regulatory Issues Concerning International
Alliances i85
11.1 Overview of the Current Regulations Concerning Alliances 186
11.2 Regulating International Alliances: Economic Analysis 188
11.3 International Coordination of Regulations 190
11.4 Conclusion 192
Chapter 12 Summary and Conclusions 193
12.1 Summary of Findings 193
12.2 Discussion and Conclusions on Key Issues 201
Effects of Strategic Alliances on Consumer Welfare 201
Nature of Strategic Alliances to Encourage 202
Effects of Strategic Alliances on Airlines and Shareholders 203
Contents xi
Effects of Scope of Collaboration 204
Regulatory Changes on International Air Transport 204
International Coordination of Regulation Governing Strategic Alliances 207
Prospects of Strategic Alliances 207
12.3 Further Research Needs 208
References 213
Index 225
List of Tables xiii
List of Tables
2 1 The Changing Status of Airline Alliances 17
2 2 Equity Investments, 1996, 1998 18
2 3 The World s Top Airlines Alliance Race 20
2 4 Percentage of Alliances Survived Given Time 21
2 5 The Emerging Global Alliance Groupings 22
2 6 Global Alliance Group Market Shares 22
3 1 Joint Activities and Coordination between Alliance Partners 33
3 2 Cost Savings from Alliance Formation 35
4 1 Sample Alliance Routes 70
4 2 Results on Partners Traffic, Non Partners Traffic, and Total Traffic 72
5 1 Characteristics of Sample Firms for the 1986 95 Period 86
5 2 Definition of Variables and Expected Signs 92
5 3 Descriptive Statistics and Correlations 93
5 4 Effects of Alliances on Partner Airlines Productivity 94
5 5 Effects of Alliances on Average Price Charged by Partner Airlines 96
5 6 Effects of Alliances on Partner Airlines Profitability 98
6 1 Descriptive Statistics 109
6 2 The Estimation Results 111
6 3 Changes in Air Fares and Passenger Volume due to the Alliances 115
6 4 Changes in Consumer Surplus due to the Alliances 116
7 1 Sample North Atlantic Alliance Routes vs. Non Alliance Routes 126
xiv Globalization and Strategic Alliances
7 2 Traffic Changes between Alliance and Non Alliance Routes 128
7 3 Estimation Results for Each of the Four Alliances 129
8 1 Effects of Alliances on Passengers Flight Frequencies 137
8 2 Descriptive Statistics on Sample Alliance Routes 139
8 3 Effects of Three Alliances on Schedule Delay Time 141
8 4 Results of Sensitivity Analysis for the KLM/NW Alliance 143
8 5 Results of Sensitivity Analysis for the DL/SN/SR Alliance 144
8 6 Results of Sensitivity Analysis for the LH/UA Alliance 145
9 1 Sample of Alliances by Year and by Alliance Characteristics 155
9 2 Abnormal Returns Around the Announcement of an Alliance Formation 158
9 3 Abnormal Returns to Larger and Smaller Partners 159
9 4 Abnormal Returns to Alliances with Broader/Narrower Scope of Cooperation 160
9 5 Abnormal Returns to Alliances with/without Equity Investment 161
9 6 Interaction Effects between Scope of Cooperation and Equity Investment 162
List of Figures xv
List of Figures
3 1 Traffic Growth of Immunized Alliance Carriers 38
3 2 Traffic Growth of Alliance Carriers by Market Types 3 8
3 3 European Carriers US Europe Connecting Traffic Growth by Connecting Market Type 39
3 4 Fare Changes for Open Skies and Non Open Skies Markets by Market Type 40
4 1 A Simple Air Transport Network 60
7 1 Linkage between Airlines 1 and 3 121
8 1 A Hypothetical Setting for Each Type of Alliance 136
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| spelling | Oum, Tae Hoon Verfasser aut Globalization and strategic alliances the case of the airline industry Tae Hoon Oum, Jong-Hun Park and Anming Zhang 1. ed. Amsterdam [u.a.] Pergamon 2000 XXII, 229 S. txt rdacontent n rdamedia nc rdacarrier Globalisierung Airlines Globalization Strategic alliances (Business) Globalisierung (DE-588)4557997-0 gnd rswk-swf Luftfahrtindustrie (DE-588)4036560-8 gnd rswk-swf Strategische Allianz (DE-588)4274322-9 gnd rswk-swf Luftfahrtindustrie (DE-588)4036560-8 s Strategische Allianz (DE-588)4274322-9 s Globalisierung (DE-588)4557997-0 s DE-604 Park, Jong-Hun Verfasser aut Zhang, Anming Verfasser aut HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=009428738&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Oum, Tae Hoon Park, Jong-Hun Zhang, Anming Globalization and strategic alliances the case of the airline industry Globalisierung Airlines Globalization Strategic alliances (Business) Globalisierung (DE-588)4557997-0 gnd Luftfahrtindustrie (DE-588)4036560-8 gnd Strategische Allianz (DE-588)4274322-9 gnd |
| subject_GND | (DE-588)4557997-0 (DE-588)4036560-8 (DE-588)4274322-9 |
| title | Globalization and strategic alliances the case of the airline industry |
| title_auth | Globalization and strategic alliances the case of the airline industry |
| title_exact_search | Globalization and strategic alliances the case of the airline industry |
| title_full | Globalization and strategic alliances the case of the airline industry Tae Hoon Oum, Jong-Hun Park and Anming Zhang |
| title_fullStr | Globalization and strategic alliances the case of the airline industry Tae Hoon Oum, Jong-Hun Park and Anming Zhang |
| title_full_unstemmed | Globalization and strategic alliances the case of the airline industry Tae Hoon Oum, Jong-Hun Park and Anming Zhang |
| title_short | Globalization and strategic alliances |
| title_sort | globalization and strategic alliances the case of the airline industry |
| title_sub | the case of the airline industry |
| topic | Globalisierung Airlines Globalization Strategic alliances (Business) Globalisierung (DE-588)4557997-0 gnd Luftfahrtindustrie (DE-588)4036560-8 gnd Strategische Allianz (DE-588)4274322-9 gnd |
| topic_facet | Globalisierung Airlines Globalization Strategic alliances (Business) Luftfahrtindustrie Strategische Allianz |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=009428738&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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