Showing 1 - 10 of 202
Airplanes are a fast but expensive means of shipping goods, a fact which has implications for comparative advantage. The paper develops a Ricardian model with a continuum of goods which vary by weight and hence transport cost. Comparative advantage depends on relative air and surface transport...
Persistent link: https://www.econbiz.de/10012466988
This paper studies the impact that capital market imperfections have on the natural" selection of the most efficient firms by estimating the effect of the pre-deregulation level of" leverage on the survival of trucking firms after the Carter deregulation. Highly leveraged" carriers are less...
Persistent link: https://www.econbiz.de/10012472539
I generate new data on HIV incidence and prevalence in Africa based on inference from mortality rates. I use these data to relate economic activity (specifically, exports) to new HIV infections in Africa and argue there is a significant and large positive relationship between the two: a doubling...
Persistent link: https://www.econbiz.de/10012465029
This paper considers functions of contracting other than the protection of relationship-specific investments and the provision of marginal incentives, and applies the theory to explain variation in the form of compensation of over-the-road truck drivers in the U.S. Specifically, we argue that...
Persistent link: https://www.econbiz.de/10012469856
We collect extensive data on worldwide trade by transportation mode and use this to provide detailed comparisons of the greenhouse gas emissions associated with output versus international transportation of traded goods. International transport is responsible for 33 percent of world-wide...
Persistent link: https://www.econbiz.de/10012461540
We show that the negative impact of financial crises on trade is magnified for destinations with longer time-to-ship. A simple model where exporters react to an increase in the probability of default of importers by increasing their export price and decreasing their export volumes to...
Persistent link: https://www.econbiz.de/10012460386
A busy airport's closure has large effects on noise, real estate markets, and neighborhood demographics. Using a unique … dataset, we examine the effects of closing Denver's Stapleton Airport on nearby housing markets. We find evidence of immediate … announcement and closing. However, after the airport closure, more higher-income and fewer black households moved in, and …
Persistent link: https://www.econbiz.de/10012660063
Since the September 11, 2001 terrorist attacks, repeated airport closures due to potential security breaches have … irregular operations. Our results indicate that while outcomes of flights scheduled during airport closures are difficult to … likelihood of continued security-related airport closings, understanding the factors that determine schedule recovery is …
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 and the economy. Such bankruptcies, however, nearly always occur when demand is weak, and, thus, when even healthy airlines are inclined to reduce flights. Moreover,...
Persistent link: https://www.econbiz.de/10012469062
While significant work has been done to examine the determinants of regional development, there is little evidence on the contribution of air services toward this outcome. This paper exploits the unexpected market changes induced by the 1978 Airline Deregulation Act to bring new evidence on the...
Persistent link: https://www.econbiz.de/10012460381