| Budget Amount *help |
¥4,290,000 (Direct Cost: ¥3,300,000、Indirect Cost: ¥990,000)
Fiscal Year 2009: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Fiscal Year 2008: ¥2,860,000 (Direct Cost: ¥2,200,000、Indirect Cost: ¥660,000)
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| Research Abstract |
This project has studied ex-post quantitative analysis on the JAL-JAS merger that took place in 2001. It employed a structural estimation method to assess the extent to which the merger affected the structure of the Japanese domestic airline market, by use of the data in the period from July 1996 to October 2005. The model used in the analysis takes into account inter-modal competition between airlines and super-speed trains, and also allows for firms to choose not only prices but also fights frequency. The endogeneity is controlled by the use of instrumental variables. The estimation of discrete choice model at the level of origin and destination pair reveals that the merger under study was not very successful, in that JAL would have been more profitable and the social welfare would have been improved in the absence of the merger.
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