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a `monopoly umbrella' to other non-hub airlines. Finally, on the cost side there is evidence of economies of density … (and therefore cost economies of hubbing) on longer routes. Consistent with the `Southwest Airlines' effect, there is no …
Persistent link: https://www.econbiz.de/10013240526
We assess the quantitative impact of firing costs on aggregate total factor productivity (TFP) in a dynamic general-equilibrium framework where the distribution of establishment-level productivity is not invariant to the policy. Firing costs not only generate static factor misallocation, but...
Persistent link: https://www.econbiz.de/10012966591
The application process is critical to the targeting of disability programs because disability, relative to other tags, is difficult to observe and costly to verify. We study the effect of application costs on the targeting of disability programs using the closings of Social Security...
Persistent link: https://www.econbiz.de/10012954924
production of a given stage in a GVC is not only a function of the marginal cost at which that stage can be produced in a given …
Persistent link: https://www.econbiz.de/10012955438
effectiveness of several transaction cost mitigation strategies. It finds that introducing a buy/hold spread, which allows investors … to continue to hold stocks that they would not actively trade into, is the single most effective simple cost mitigation …
Persistent link: https://www.econbiz.de/10013040541
shaping the quality of politicians from both the supply and demand sides of politics. The model highlights that the patterns … vary with key parameters pertaining to both the supply and demand for candidates. We use the model to frame a review of the …
Persistent link: https://www.econbiz.de/10012915222
On a levelized-cost basis, solar and wind power generation are now competitive with fossil fuels. But supply of these … renewable resources is variable and intermittent, unlike traditional power plants. As a result, the cost of using flat retail … pricing instead of dynamic, marginal-cost pricing—long advocated by economists—will grow. We evaluate the potential gains from …
Persistent link: https://www.econbiz.de/10012916613
county-wide cost of users playing Pokémon GO while driving to be in the range of $5.2 to $25.5 million over the 148 days …
Persistent link: https://www.econbiz.de/10012917641
Using dynamic models of health, mortality, and out-of-pocket medical spending (both inclusive and net of Medicaid payments), we estimate the distribution of lifetime medical spending that retired U.S. households face over the remainder of their lives. We find that households who turned 70 in...
Persistent link: https://www.econbiz.de/10012919335
a modest reduction in cost per student, but only for undergraduate instruction. Recent policy efforts to promote …
Persistent link: https://www.econbiz.de/10012907133