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Network Competition in the Airline Industry : An Empirical Framework
Yuan, Zhe - 2024
literature to introduce an empirical framework for analyzing network competition among airlines. Airlines make market entry … decisions and choose flight frequencies in the first stage, followed by price competition to attract passengers in the second … externality underestimates the benefits of operating an additional flight by 13.2%, and airlines would schedule 21.53% fewer one …
Persistent link: https://www.econbiz.de/10015056219
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Financial Crises and the Global Supply Network : Evidence from Multinational Enterprises
Basco, Sergi; Felice, Giulia; Merlevede, Bruno; … - National Bureau of Economic Research - 2023
This paper empirically examines the effects of financial crises on the organization of production of multinational enterprises. We construct a panel of European multinational networks from 2003 through 2015. We use as a financial shock the increase in risk premia between August 2007 and July...
Persistent link: https://www.econbiz.de/10014287317
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Vertical Arrangements, Market Structure, and Competition An Analysis of Restructured U.S. Electricity Markets
Bushnell, James B. - 2007
This paper examines vertical arrangements in electricity markets. Vertically integrated wholesalers, or those with long-term contracts, have less incentive to raise wholesale prices when retail prices are determined beforehand. For three restructured markets, we simulate prices that define...
Persistent link: https://www.econbiz.de/10012465139
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Strategic Trade Policy When Domestic Firms Compete Against Vertically Integrated Rivals
Rodrik, Dani - 1989
This paper models the international competition between a domestic firm and its vertically integrated foreign rival …
Persistent link: https://www.econbiz.de/10012476137
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Trade-ins and Transaction Costs in the Market for Used Business Jets
Hodgson, Charles - National Bureau of Economic Research - 2022
Manufacturers of durable goods can encourage consumers facing transaction costs to upgrade by accepting used units as trade-ins. These "buyback schemes" increase demand for new units, but increase the supply of used units if trade-ins are resold. In this paper, I investigate the equilibrium...
Persistent link: https://www.econbiz.de/10013388853
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Who Benefits From The Export-Import Bank Aid?
Benmelech, Efraim; Monteiro, Joao - National Bureau of Economic Research - 2023
constrained airlines or by airlines operating in countries with underdeveloped financial systems. We show that airlines in …
Persistent link: https://www.econbiz.de/10014337795
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An Economic View of Corporate Social Impact
Allcott, Hunt; Montanari, Giovanni; Ozaltun, Bora; Tan, … - National Bureau of Economic Research - 2023
The growing discussions of impact investing and stakeholder capitalism have increased interest in measuring companies' social impact. We conceptualize corporate social impact as the welfare loss that would be caused by a firm's exit. To illustrate, we quantify the social impacts of 74 firms in...
Persistent link: https://www.econbiz.de/10014421228
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Dynamic Price Competition : Theory and Evidence from Airline Markets
Hortaçsu, Ali; Oery, Aniko; Williams, Kevin R. - National Bureau of Economic Research - 2022
comprehensive pricing and bookings data for competing U.S. airlines, we estimate our model and find that dynamic pricing results in … results in single-firm settings due to the strategic role of competitor scarcity. Pricing heuristics commonly used by airlines …
Persistent link: https://www.econbiz.de/10013362001
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Bargaining and International Reference Pricing in the Pharmaceutical Industry
Dubois, Pierre; Gandhi, Ashvin; Vasserman, Shoshana - National Bureau of Economic Research - 2022
The United States spends twice as much per person on pharmaceuticals as European countries, in large part because prices are much higher in the US. This fact has led policymakers to consider legislation for price controls. This paper assesses the effects of a US international reference pricing...
Persistent link: https://www.econbiz.de/10013210081
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Local and National Concentration Trends in Jobs and Sales : The Role of Structural Transformation
Autor, David H.; Patterson, Christina; Van Reenen, John - National Bureau of Economic Research - 2023
have risen by about 9% by 2017. Instead, it fell by 5%. Falling local employment concentration may intensify competition … for recent market entrants. Simultaneously, rising within industry-by-geography concentration may weaken competition for …
Persistent link: https://www.econbiz.de/10014250148