Adaptation and Vertical Integration in the Airline Industry

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Do Prices Determine Vertical Integration (2016, unknown): “…aluminum refineries and bauxite mines and Joskow (1987) on ownership arrangements in electricity generating plants, as well as the more recent studies by Baker and Hubbard (2003, 2004) on the trucking industry, Woodruff (2002) on Mexican footwear; or Forbes and Lederman (2009, 2011) on airlines.”
Transaction Cost Economics As a Theory of Supply Chain Efficiency (2020, background): “Some of the empirical contributions in this literature include Forbes and Lederman (2009), and Zhou and Wan (2017), which work toward establishing the empirical relevance of theories of the ﬁrm — based on both TCE and other theories of the ﬁrm — that focus on adaptation and adjustment.”
Anticompetitive Effects of Common Ownership (2018, background): “The availability of high-quality route-level price and quantity data enables us to more cleanly identify the effect of common ownership on product prices than would be possible in firm-level studies across industries.”