In this paper, we provide another reason that may explain the adoption of the hub-and-spoke network structure in the airline industry. We show that when an airline has to decide on its capacity before the demand conditions are perfectly known, a hub-and-spoke (h&s) network structure by pooling...

In this paper, we empirically examine the effects of bankruptcy protection (Chapter 11) on an airline and its rivals' pricing strategies. We estimate a price equation on a panel of 400 routes over the period 1987-1993. We also examine the impact of bankruptcy on a firm's average operating costs....

In this paper, we estimate the demand for road diesel in Canada using aggregate annual data for the period 1986–2008. Using a partial adjustment model (PAM), we find short and long run price elasticities of −0.43 and −0.8 respectively. However, using cointegration techniques, we obtain...

In this article we evaluate the impacts of travel demand management strategies to reduce the share of automobiles as a commuting mode by using stated preference data. The analysis is carried out on university members in Quebec City. We measure the impact of travel time and cost as well as...

In this paper, we explore energy efficiency policies in the presence of a global environmental problem and international cost interdependency associated with R&D activities. We develop a simple model with two regions where the cost of an appliance in one region depends upon the level of energy...