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A Model of Dynamic Limit Pricing with an Application to the Airline Industry
Gedge, Christopher; Roberts, James W.; Sweeting, Andrew - National Bureau of Economic Research (NBER) - 2014
empirical work. We provide reduced-form evidence that our model can explain why incumbent airlines cut prices when Southwest …
Persistent link: https://www.econbiz.de/10010796729
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How Airline Markets Work...Or Do They? Regulatory Reform in the Airline Industry
Borenstein, Severin; Rose, Nancy Lin - National Bureau of Economic Research (NBER) - 2007
have occurred in pricing, service, and competition in the 28 years since deregulation. We then examine some of the major … public policy issues facing the industry: (a) the sustainability of competition and volatility of airline profits, (b …) possible market power of dominant airlines, and (c) congestion and investment shortfall in the airport and air traffic …
Persistent link: https://www.econbiz.de/10005777407
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Tracing the Woes: An Empirical Analysis of the Airline Industry
Berry, Steven; Barwick, Panle Jia - National Bureau of Economic Research (NBER) - 2008
The U.S. airline industry went through tremendous turmoil in the early 2000's. There were four major bankruptcies and two major mergers, with all legacy carriers reporting a large profit reduction. This paper presents a structural model of the airline industry, and estimates the impact of demand...
Persistent link: https://www.econbiz.de/10005777764
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Airline Schedule Recovery after Airport Closures: Empirical Evidence Since September 11th
Rupp, Nicholas G.; DeSimone, Jeffrey S; Holmes, George M. - National Bureau of Economic Research (NBER) - 2003
imposed substantial costs on travelers, airlines, and government agencies in terms of flight delays and cancellations. Using … data from the year following September 11th, this study examines how airlines recover flight schedules upon reopening of …
Persistent link: https://www.econbiz.de/10005778572
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Estimation of Dynamic Discrete Choice Models in Continuous Time with an Application to Retail Competition
Bayer, Patrick; Ellickson, Paul Bryan; Arcidiacono, Peter; … - National Bureau of Economic Research (NBER) - 2012
This paper develops a dynamic model of retail competition and uses it to study the impact of the expansion of a new …
Persistent link: https://www.econbiz.de/10011159891
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Competing with Costco and Sam's Club: Warehouse Club Entry and Grocery Prices
Courtemanche, Charles J.; Carden, Art - National Bureau of Economic Research (NBER) - 2011
Prior research shows grocery stores reduce prices to compete with Walmart Supercenters. This study finds evidence that the competitive effects of two other big box retailers - Costco and Walmart-owned Sam's Club - are quite different. Using city-level panel grocery price data matched with a...
Persistent link: https://www.econbiz.de/10009226933
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The Impact of the Internet on Advertising Markets for News Media
Athey, Susan; Calvano, Emilio; Gans, Joshua - National Bureau of Economic Research (NBER) - 2013
In this paper, we explore the hypothesis that an important force behind the collapse in advertising revenue experienced by newspapers over the past decade is the greater consumer switching facilitated by online consumption of news. We introduce a model of the market for advertising on news media...
Persistent link: https://www.econbiz.de/10010796628
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Mergers When Prices are Negotiated: Evidence from the Hospital Industry
Nevo, Aviv; Gowrisankaran, Gautam; Town, Robert - National Bureau of Economic Research (NBER) - 2013
We estimate a bargaining model of competition between hospitals and managed care organizations (MCOs) and use the …
Persistent link: https://www.econbiz.de/10010796731
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Keeping it Fresh: Strategic Product Redesigns and Welfare
Blonigen, Bruce A.; Knittel, Christopher R.; Soderbery, … - National Bureau of Economic Research (NBER) - 2013
firm redesign decisions depend crucially on competition for market share through introductions of new redesigns, as well as … redesign competition were reduced, allowing redesign activity to be more responsive to the planned obsolescence channel. The …
Persistent link: https://www.econbiz.de/10010821673
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A Dynamic Analysis of the Market for Wide-Bodied Commercial Aircraft
Benkard, C. Lanier - National Bureau of Economic Research (NBER) - 2000
This paper develops a multi-agent dynamic model of the commercial aircraft industry and then uses that model to analyze industry pricing, industry performance, and optimal industry policy. In the model, firms are differentiated in their products and cost structure, and entry, exit, prices, and...
Persistent link: https://www.econbiz.de/10005588889