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Excerpt from Do Airlines in Chapter 11 Harm Their Rivals?: Bankruptcy and Pricing Behavior in U. S. Airline Markets
To assure that the bankrupt carrier has been a significant competitor in a route, a route is included in the analysis if the bankrupt carrier has at least a 10% route share two quarters before the quarter in which it declares bankruptcy. We calculate price changes on the route whenever the bankrupt carrier has at least a 570 route share.
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