Showing 1 - 8 of 8
The paper extends the Salop model of localized competition by allowing frms to have heterogeneous costs. We provide a general but highly tractable analytical solution for the equilibrium prices, and we study the long-run properties of the model using two different entry games. We show that cost...
Persistent link: https://www.econbiz.de/10008520455
This paper aims at investigating how the pricing strategy of European airline carriers is affected by code-share agreements on international routes. Our data cover several routes linking the main UK airports to largest European destinations and includes posted fares collected at different days...
Persistent link: https://www.econbiz.de/10011075184
The paper studies how political competition among self-interested parties affects welfare and power allocation between government levels. We find that the unitary and the federal systems of government are not welfare-maximizing, leading to a higher and a lower than optimal centralization level,...
Persistent link: https://www.econbiz.de/10011031537
Regions, independent of their geographic level of aggregation, are known to be interrelated partly due to their relative locations. Similar economic performance among regions can be attributed to proximity. Consequently, a proper understanding, and accounting, of spatial liaisons is needed in...
Persistent link: https://www.econbiz.de/10008520456
In this paper, we present a review of various computational experiments concerning neural network (NN) models developed for regional employment forecasting. NNs are nowadays widely used in several fields because of their flexible specification structure. A series of NN experiments is presented...
Persistent link: https://www.econbiz.de/10008520457
This paper regards cultural heritage as a strategic development tool for urban tourist policy. It highlights the use of e-services as a central instrument in a competitive tourist sector. The appropriate choice of e-services – and packages thereof – depends on the various strategic...
Persistent link: https://www.econbiz.de/10008498054
The geographical distribution and persistence of regional/local unemployment rates in heterogeneous economies (such as Germany) have been, in recent years, the subject of various theoretical and empirical studies. Several researchers have shown an interest in analysing the dynamic adjustment...
Persistent link: https://www.econbiz.de/10008469822
(Spatial) panel data are routinely modelled in discrete time (DT). However, there are compelling arguments for continuous time (CT) modelling of (spatial) panel data. Particularly, most social processes evolve in CT, so that statistical analysis in DT is an oversimplification, gives an...
Persistent link: https://www.econbiz.de/10005091128