Showing 1 - 10 of 2,641
We quantify a class of commonly-employed general equilibrium models of international trade and pricing-to-market that feature firm-level heterogeneity and consumers with nonhomothetic preferences. We demonstrate theoretically that the models lack the flexibility to match salient features of US...
Persistent link: https://www.econbiz.de/10013018710
In this paper, we investigate empirically the effect of two recent domestic airline alliances. We find that both …
Persistent link: https://www.econbiz.de/10013313320
quality – measured by on-time performance – deteriorates, especially when the airline operates a large share of the flights in …
Persistent link: https://www.econbiz.de/10012965424
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/10013149987
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/10013246975
In this paper we construct a short run model of the firm describing the behavior of thirteen U.S. airlines during the difficult transition to deregulation. Several modeling scenarios are developed to assess three common assumptions in cost studies: the use of time as a proxy for technological...
Persistent link: https://www.econbiz.de/10013324615
This papers analyzes dispersion in the prices that an airline charges to different customers on the same route. Such … variation in airlines fares is substantial: the expected absolute difference in fares between two of an airline's passengers on … a route averages thirty-six percent of the airline's average ticket price on the route. The pattern of price dispersion …
Persistent link: https://www.econbiz.de/10013229357
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/10013230365
. 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 …
Persistent link: https://www.econbiz.de/10013232906
A number of recent papers have studied the relationship between price and market structure in the deregulated airline … the industry. The particular entry events that we focus on are those involving People Express Airline in 1984 and 1985. To …
Persistent link: https://www.econbiz.de/10013218106