Análise dos efeitos econômicos da entrada da empresa Azul linhas aéreas no setor aéreo brasileiro

Abstract

This monograph presents an analysis of the effect caused by the entry of Azul Airlines Company in Brazil's domestic airline industry. For this, a study was made about the evolution of the concentration index measured by Herfindahl index (HHI) and market power calculated by the Lerner index sector, using the general Cournot model that shows the relationship between these two indices and elasticity. And to extract the isolated effect in reducing these indices was also made one simulating counterfactual market without the presence of the company. After the entry of Azul, the market power decreased 27.3%, whereas the counterfactual decreased by only 5.5%. Therefore, the economic impact of the entry of the company was 21.8%. Thereby, we conclude that the entry of Azul had a positive effect, since there was a reduction in the concentration and a consequent decrease of market power in the domestic airline industry, benefiting consumers.