Excerpt from Do Airlines in Chapter 11 Harm Their Rivals?: Bankruptcy and Pricing Behavior in U. S. Airline Markets These analyses average the prices across all rivals, although theoretical models and some popular accounts suggest that price responses might differ. Models of predatory behavior, for example, suggest that financially healthy (deep pocket) carriers are more likely to undertake aggressive pricing against weaker rivals. Similarly, executives at some airlines have been more outspoken than others in blaming the industry's financial difficul ties ou the behavior of financially weak carriers. Table 3 reproduces the last row of Table 2 individually for each of the six largest us. Airlines that have not entered Chapter 11 since deregulation. American Airlines, probably the most vocal critic of airlines operating under Chapter 11 protection, has raised its postobankruptcy prices relative to industry norms in 3 of the 4 bankruptcies, the 3 cases in which American overlapped on the most routes. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.