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de Villemeur, Etienne; Ivaldi, Marc; Quinet, Emile; … - C.E.P.R. Discussion Papers - 2015

The so-called buffer time or buffer delay allows airlines to control for excessive delays by introducing extra time in … being a hub - served by a single airline. Welfare losses that follow from delays are relatively small as compared to the … connections that are considered, fares rather than delays should be the focus of institutions aiming at enhancing passengers …

Persistent link: https://www.econbiz.de/10011165671

A Welfare Assessment of Revenue Management Systems

Dupuis, Nicolas; Ivaldi, Marc; Pouyet, Jérôme - C.E.P.R. Discussion Papers - 2015

We study the welfare impact of revenue management, i.e. intertemporal price discrimination when the product availability is limited both in time and quantity, and consumers' arrival is random. This practice is particularly relevant, and widely spread, in the transport industry, but little is...

Persistent link: https://www.econbiz.de/10011165643

Roads and Trade: Evidence from the US

Duranton, Gilles; Morrow, Peter; Turner, Matthew A - C.E.P.R. Discussion Papers - 2013

We estimate the effect of interstate highways on the level and composition of trade for us cities. Highways within cities have a large effect on the weight of city exports with an elasticity of approximately 0.5. We find little effect of highways on the total value of exports. Consistent with...

Persistent link: https://www.econbiz.de/10011083314

Does Supporting Passenger Railways Reduce Road Traffic Externalities?

Lalive, Rafael; Luechinger, Simon; Schmutzler, Armin - C.E.P.R. Discussion Papers - 2013

Many governments subsidize regional rail service as an alternative to road traffic. This paper assesses whether … behavior shows that the effects of railway services on outcome variables are driven by substitution from road to rail. …

Persistent link: https://www.econbiz.de/10011083939

Integration in the English wheat market 1770-1820

Brunt, Liam; Cannon, Edmund - C.E.P.R. Discussion Papers - 2013

Cointegration analysis has been used widely to quantify market integration through price arbitrage. We show that total price variability can be decomposed into: (i) magnitude of price shocks; (ii) correlation of price shocks; (iii) between-period arbitrage. All three measures depend upon data...

Persistent link: https://www.econbiz.de/10011084541

The Fundamental Law of Road Congestion: Evidence from US cities

Duranton, Gilles; Turner, Matthew A - C.E.P.R. Discussion Papers - 2009

We investigate the relationship between interstate highways and highway vehicle kilometers traveled (vkt) in US cities. We find that vkt increases proportionately to highways and identify three important sources for this extra vkt: an increase in driving by current residents; an increase in...

Persistent link: https://www.econbiz.de/10008528527

Common Vulnerabilities

Mody, Ashoka; Taylor, Mark P - C.E.P.R. Discussion Papers - 2003

pressure index (EMPI) as a measure of regional vulnerability. We find that a high level of regional external liabilities and …

Persistent link: https://www.econbiz.de/10005791884