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SUMMARY:Government Ownership and Competition: Evidence from the European Airline Industry following the COVID-19-Pandemic
DESCRIPTION:11:30 - 12:30Rooms 3.3.002A+B+C // This paper empirically analyses the impact of government ownership on competition. The COVID-19 pandemic and subsequent governmental equity interventions in the European airline industry provides for a particularly ideal setting to investigate this topic, and this for several reasons. First, airline markets and competition therein are well-defined and well-understood. Second, European countries offered rescue packages differing in size and scope; several countries provided sizable equity interventions to their national airlines - in total, around 13.7 bn €. We present preliminary results on how these equity interventions affected competitive outcomes.  (joint work with Albert Banal-Estanol, Wolfgang Grimme, Sven Maertens, Jo Seldeslachts)
DTSTART;VALUE=DATE:20221207
DTEND;VALUE=DATE:20221207
DTSTAMP:20220928T220000Z
URL:https://www.diw.de/en/diw_01.c.855193.en/events/government_ownership_and_competition__evidence_from_the_european_airline_industry_following_the_covid-19-pandemic.html
ORGANIZER;CN=Christina Stadler:mailto:cstadler@diw.de
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