How the Power of the Market Makes Airline Passengers Happy

When airlines overbook flights, they just need to recognize the power of the market and pay passengers high enough prices (vouchers) for their seats.

Oligopoly: Airline Mergers

A 1962 song said, “Breaking Up is Hard To Do.” Even more so, it is tough to get together and create an oligopoly. When Continental and United merged during 2010, it took 14 months to solve their coffee problem. The…

Airline Mergers and Coffee

What to do when one airline uses a potent Starbucks bean, the other a weak Fresh Brew blend and they merge? After 14 months, Continental and United finally decided. Described in Bloomberg Businessweek, our story starts with a 14 member…