Showing 1 - 10 of 103
The durability of the transportation capital stock slows down the pace of decarbonization since newer vintages feature cutting-edge technology. If older vintages were to be retired sooner, the social cost of travel would decline. This paper analyzes and explores the viability of a potential...
Persistent link: https://www.econbiz.de/10014512059
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
aircraft despite the EXIM shock. Our results are consistent with the view that government-sponsored export credit is mostly …
Persistent link: https://www.econbiz.de/10014337795
empirical version of the model using personnel data from Fokker Aircraft that cover the path of layoffs and quits through its …
Persistent link: https://www.econbiz.de/10012470451
This paper develops a multi-agent dynamic model of the commercial aircraft industry and then uses that model to analyze … model utilizes a cost model of commercial aircraft production developed and estimated in a previous paper (Benkard (2000 …)), and a discrete choice model of commercial aircraft demand to determine static profits. I find that many unusual aspects of …
Persistent link: https://www.econbiz.de/10012471051
large commercial aircraft. The analysis combines the deep firm- specific knowledge of management and labor typical of the …
Persistent link: https://www.econbiz.de/10012471367
This paper introduces a new cost dataset for a commercial aircraft firm and uses this data to analyze the dynamics of … learning in commercial aircraft production. This dataset is found to be inconsistent with the simple learning hypothesis, and … some, but not all, of a firm's production experience transfers from one generation of an aircraft to the next. This …
Persistent link: https://www.econbiz.de/10012471667
This paper studies the efficiency with which physical capital can be reallocated across sectors. It presents a model of a firm selling specialized capital in a thin resale market. The model predicts that the selling price depends not only on the sectoral specificity of capital, but also on the...
Persistent link: https://www.econbiz.de/10012472039
question we exploit a unique policy experiment in the inter-war military aircraft industry. Airframe designs had little IP …
Persistent link: https://www.econbiz.de/10012480433
This paper examines international competition in the commercial aircraft industry. We estimate a discrete choice …, differentiated products demand system for wide-body aircraft and examine the Airbus-Boeing rivalry under various assumptions on firm … suggest that aircraft prices increased by about 3.7 percent after the 1992 U.S. - E.U. agreement on trade in civil aircraft …
Persistent link: https://www.econbiz.de/10012470067