1. “Horizontal Shareholding:” Is Oligopoly Pricing a Symptom or the Disease?

    “Horizontal Shareholding:” Is Oligopoly Pricing a Symptom or the Disease?

    I. Background ’“DOJ”) let Delta Air Lines merge with Northwest Airlines. 1 Two years later, in 2010, the DOJ cleared United Airlines’ acquisition of Continental Airlines, after the companies divested some airport slots to Southwest Airlines. 2 The next year, the DOJ cleared Southwest’s acquisition of AirTran Airways.

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