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Abstract This paper analyzes the impacts of COVID-19 and related policies on airport short-run costs and decomposes the percentage changes in total and average variable costs between pre-COVID-19 and COVID-19 periods. Data for the analysis are a panel of 50 medium and large US airports from 2012...
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Abstract This study examines the relationship between COVID-19 uncertainty and stock returns across US airlines. Using the pandemic uncertainty index (PUI) developed by , we estimate a pandemic beta by augmenting the capital asset pricing model with the PUI as an additional factor. We find that...
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A brand switching model that considers the choices: previous choice, current choice, and substitute choice, if the current choice were not available, is developed and estimated. An important assumption of the model is that the market consists of two types of consumers: "Loyals" and "Shoppers."...
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This paper analyzes the impact of health indicators on an individual's trip and mode choices to out-patient care facilities. The study's focus is an out-patient trip to a health care facility, and the source of data is the China Health and Retirement Longitudinal Study (CHARLS) for 2011, 2013...
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