. The turmoil in the U.S. airline industry has triggered much of the public policy discussion, as some observers have argued … and their rivals. The data suggest that an airline's prices typically decline somewhat before it files for bankruptcy … bankrupt airline lower their prices, however, nor that they lose passengers to their bankrupt rival. These results indicate …

The costs of government assistance to banks depend on the way rescues are managed. The cnetral questions of policy … benefits and reduce the costs of government support for banks …

costs incurred for raising leverage, which helps explain the negative profitability-leverage relation across industries …

The U.S. airline industry went through tremendous turmoil in the early 2000's. There were four major bankruptcies and … the airline industry, and estimates the impact of demand and supply changes on profitability. We find that, compared with …

The airline industry's current financial crisis has raised concerns over the ramifications of airline bankruptcies for … air service offered, not the number of flights offered by a particular airline. We study all major U.S. airline … recognizing that competing airlines may increase service in response to a reduction in flights by a bankrupt airline. We do not …