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Measuring Strategic Firm Interaction in Product-Quality Choices: The Case of Airline Flight Frequency
Brueckner, Jan K.; Luo, Dan - CESifo - 2013
This paper investigates strategic interaction among airlines in product-quality choices. Using an instrumental … variables approach, the paper estimates flight-frequency reaction functions, which relate an airline’s frequency on a route to … its own characteristics and to the frequencies of competing airlines. A positive reaction function slope is found in some …
Persistent link: https://www.econbiz.de/10010877953
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Airline Emission Charges: Effects on Airfares, Service Quality, and Aircraft Design
Brueckner, Jan K.; Zhang, Anming - CESifo - 2009
features, and network structure, using a detailed and realistic theoretical model of competing duopoly airlines. These impacts …
Persistent link: https://www.econbiz.de/10005094276
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Formal Contracts, Relational Contracts, and the Threat-Point Effect
Itoh, Hideshi; Morita, Hodaka - CESifo - 2011
Can formal contracts help resolving the holdup problem? We address this important question by studying the holdup problem in repeated transactions between a seller and a buyer in which the seller can make relation-specific investments in each period. In contrast to previous findings, we...
Persistent link: https://www.econbiz.de/10009228616
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The Theory of the Firm Goes Global
Marin, Dalia - CESifo - 2013
What insights can be gained from bringing the theory of the firm to the global economy? I discuss several new features of the world economy that can be explained by incorporating the theory of the firm into the theory of international trade. Among the new features I discuss are the move to...
Persistent link: https://www.econbiz.de/10010877726
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Team Production in Competitive Labor Markets with Adverse Selection
Siemens, Ferdinand von; Kosfeld, Michael - CESifo - 2014
Team production is a frequent feature of modern organizations. Combined with team incentives, team production can create externalities among workers, since their utility upon accepting a contract depends on their team’s performance and therefore on their colleagues’ productivity. We study...
Persistent link: https://www.econbiz.de/10010743453
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Trust, Competition and Innovation: Theory and Evidence from German Car Manufacturers
Calzolari, Giacomo; Felli, Leonardo; Koenen, Johannes; … - CESifo - 2015
&D investment, and derive predictions on the effects of trust and competition on suppliers’ investment and buyers’ procurement … - but also with more competitive procurement: trust and rents from reduced supplier competition in the procurement process …
Persistent link: https://www.econbiz.de/10011194234
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Competition and Trust: Evidence from German Car Manufacturers
Felli, Leonardo; Koenen, Johannes; Stahl, Konrad O. - CESifo - 2011
We explore the determinants and effects of trust relationships between upstream suppliers and downstream producers. Using unique survey data on individual supplier-buyer relationships in the German automotive industry, we show, by means of different measures of supplier-buyer trust, that higher...
Persistent link: https://www.econbiz.de/10008853846
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Price-Dependent Profit Sharing as an Escape from the Bertrand Paradox
Foros, Oystein; Hagen, Kare P.; Kind, Hans Jarle - CESifo - 2007
In this paper we show how an upstream firm can prevent destructive competition among downstream firms producing …
Persistent link: https://www.econbiz.de/10005094252
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Slot-Based Approaches to Airport Congestion Management
Brueckner, Jan K. - CESifo - 2008
This paper analyzes slot-based approaches to management of airport congestion, using a model where airlines are …
Persistent link: https://www.econbiz.de/10005405737
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Homevoters vs. Leasevoters: A Spatial Analysis of Airport Effects
Ahlfeldt, Gabriel; Maennig, Wolfgang - CESifo - 2013
We use a public referendum on a new air traffic concept in Berlin, Germany as a natural experiment to analyze how the interaction of tenure and capitalization effects shapes the outcome of direct democracy processes. We distinguish between homevoters, i.e., voters who are homeowners, and...
Persistent link: https://www.econbiz.de/10010671574