MIflyer12 wrote:Have you studied the U.S DoJ horizontal market criteria applied to airline mergers and JVs?
DWC wrote:MIflyer12 wrote:Have you studied the U.S DoJ horizontal market criteria applied to airline mergers and JVs?
No, any particular article you have in mind ?
My concern is not legal but adecuacy with Economics fundamentals.
Law & official market criteria are easily "accommodated" to ideology ("deregulation"), group interests, lobbying or any constructed indicator.
MIflyer12 wrote:The DOJ is responsible for implementing law, after Congress took airline merger review away from the DOT.
The review criteria speak to underlying economic principles. The DOJ needs to cite public benefit, for example, for a priori reduction in number of carriers.
These aren't amateurs. Their decisions are part of the public record and can be tested in court. The criteria have been in place for more than 15 years, from the rejected UA/US merger thru today.
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