Showing 1 - 10 of 165
This study attempts to explain the general pattern of aircraft hijacking in the U.S. between 1361 and 1976, the reasons … sentence are associated with significant reductions in aircraft hijackings in the 1961 to 1976 time period. These findings are …
Persistent link: https://www.econbiz.de/10012478925
analyzes and explores the viability of a potential cash-for-clunkers program for the airline industry, which would help to …
Persistent link: https://www.econbiz.de/10014512059
Since the September 11, 2001 terrorist attacks, repeated airport closures due to potential security breaches have imposed substantial costs on travelers, airlines, and government agencies in terms of flight delays and cancellations. Using data from the year following September 11th, this study...
Persistent link: https://www.econbiz.de/10012468954
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 …
Persistent link: https://www.econbiz.de/10012469062
We introduce a model of oligopoly dynamic pricing where firms with limited capacity face a sales deadline. We establish conditions under which the equilibrium is unique and converges to a system of differential equations. Using unique and comprehensive pricing and bookings data for competing...
Persistent link: https://www.econbiz.de/10013362001
Airline transport generates a growing share of global greenhouse gas emissions but as of late 2016, this sector has not … have invested in human and physical capital and an inventory of parts to maintain these vehicles. Each airline chooses … whether to scrap and replace airplanes in their fleet and how to utilize and operate their fleet of aircraft. We model these …
Persistent link: https://www.econbiz.de/10012455850
The one-shot nature of most theoretical models of strategic investment, especially those based on asymmetric information, limits our ability to test whether they can fit the data. We develop a dynamic version of the classic Milgrom and Roberts (1982) model of limit pricing, where a monopolist...
Persistent link: https://www.econbiz.de/10012458374
last decade. More than 30 years after domestic airline markets were deregulated, the dismal financial record is a puzzle …
Persistent link: https://www.econbiz.de/10012461914
This paper investigates why passengers pay substantially different fares for travel on the same airline between the … airline price dispersion. We use a unique new dataset to test between two broad classes of theories regarding airline pricing …
Persistent link: https://www.econbiz.de/10012463094
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 …
Persistent link: https://www.econbiz.de/10012464144