References of "Niemeier, Hans-Martin"
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See detailBankruptcy protection in airline markets: Does the impact vary in international and US domestic markets?
Mantin, Benny UL; Forsyth, Peter; Bock, Sebastian et al

in Transportation Research. Part A, General (2020), 132

We study the effects of Chapter 11 bankruptcy protection on competitive product pricing in both domestic and international markets using data from the airline industry. We find a decline of about 5% in ... [more ▼]

We study the effects of Chapter 11 bankruptcy protection on competitive product pricing in both domestic and international markets using data from the airline industry. We find a decline of about 5% in domestic markets and an even more significant drop in international markets. Further, in international markets the competing carriers respond by dropping their prices as well, whereas they slightly increase them domestically. By contrast, existing literature considers only domestic markets finding a more moderate fare drop of about 3% in domestic markets by the bankrupt carrier, with mixed results on the fare drop by competitors. [less ▲]

Detailed reference viewed: 159 (11 UL)
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See detailChapter 11 and the Level Playing Field: Should Chapter 11 be Considered as a Subsidy?
Mantin, Benny UL; Bock, Sebastian; Forsyth, Peter et al

in Journal of Air Transport Management (2019), 74

This paper assesses whether Chapter 11 is a form of subsidy for US airlines. US airlines have used Chapter 11 to restructure their operations. This has been criticized as a subsidy by major non US ... [more ▼]

This paper assesses whether Chapter 11 is a form of subsidy for US airlines. US airlines have used Chapter 11 to restructure their operations. This has been criticized as a subsidy by major non US airlines and governments for a long time and recently, in the “level playing field” debate. Applying legal and economic perspectives of subsidy, we examine the different opportunities of Chapter 11 to reduce airlines’ costs. It is argued that most of the forms available, such as the modification of collective bargaining, do not constitute a subsidy. Only the termination of pension plans might involve a subsidy, but only using a legal definition of doubtful relevance since there is normally no use of public funds. [less ▲]

Detailed reference viewed: 89 (3 UL)