Published rebuttal finds the fare relationship is driven by market shares and is sensitive to investor-control and bankruptcy assumptions. This directly disputes a causal anticompetitive interpretation of Azar et al.
This paper reevaluates this evidence and shows that the documented positive correlation between common ownership and airline ticket prices stems from
Published rebuttal finds the fare relationship is driven by market shares and is sensitive to investor-control and bankruptcy assumptions. This directly disputes a causal anticompetitive interpretation of Azar et al. Verified publication year 2022 and volume 77(5). DOI 10.1111/jofi.13176. Azar et al. later published a refutation and Dennis et al. a surrebuttal; the literature remains contested.