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Airline Schedule Buffers and Flight Delays : A Discrete Model
Czerny, Achim I. - 2020
This paper revisits the airline schedule-buffer choice problem analyzed by Brueckner, Czerny and Gaggero (2020) using a simpler model where the random shocks influencing flight times are discrete rather than continuous. The analysis yields closed-form solutions for the flight and ground buffers...
Persistent link: https://www.econbiz.de/10012823555
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Airline Mitigation of Propagated Delays : Theory and Empirics on the Choice of Schedule Buffers
Brueckner, Jan K. - 2019
This paper presents an extensive theoretical and empirical analysis of the choice of schedule buffers by airlines. With airline delays a continuing problem around the world, such an under-taking is valuable, and its lessons extend to other passenger transportation sectors. One useful lesson from...
Persistent link: https://www.econbiz.de/10012861390
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Slot-based approaches to airport congestion management
Brueckner, Jan Keith - 2008
This paper analyzes slot-based approaches to management of airport congestion, using a model where airlines are … asymmetric and internalize airport congestion. Under these circumstances, optimal congestion tolls differ across carriers, and … since a slot-sale regime (with its uniform slot price) cannot duplicate this pattern, the equilibrium it generates is …
Persistent link: https://www.econbiz.de/10010271849
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Atomistic congestion tolls at concentrated airports?: seeking a unified view in the internalization debate
Brueckner, Jan Keith; van Dender, Kurt - 2007
The goal of this paper is to bring some unity to the theoretical side of the debate on internalization of airport …
Persistent link: https://www.econbiz.de/10010276976
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How New Airport Infrastructure Promotes Tourism : Evidence from a Synthetic Control Approach in German Regions
Doerr, Luisa - 2020
We examine how new airport infrastructure influences regional tourism. Identification is based on the conversion of a … military air base into a regional commercial airport in the German state of Bavaria. The new airport opened in 2007 and … new commercial airport increased tourism in the Allgäu region over the period 2008-2016. The positive effect is especially …
Persistent link: https://www.econbiz.de/10012844207
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Shocks, Frictions, and Inequality in US Business Cycles
Bayer, Christian - 2020
How much does inequality matter for the business cycle and vice versa? Using a Bayesian likelihood approach, we estimate a heterogeneous-agent New-Keynesian (HANK) model with incomplete markets and portfolio choice between liquid and illiquid assets. The model enlarges the set of shocks and...
Persistent link: https://www.econbiz.de/10012841741
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Will Destination-Based Taxes Be Fully Exploited When Available? An Application to the U.S. Commodity Tax System
Agrawal, David R. - 2019
-level policies that increase tax avoidance opportunities, the results of the empirical model broadly confirm our theory …
Persistent link: https://www.econbiz.de/10012892221
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Non-Linearities and Persistence in US Long-Run Interest Rates
Caporale, Guglielmo Maria; Gil-Alana, Luis A.; … - 2021
This note examines the stochastic behaviour of US monthly 10-year government bond yields. Specifically, it estimates a fractional integration model suitable to capture both persistence and non-linearities, these being two important properties of interest rates. Two series are analysed, one from...
Persistent link: https://www.econbiz.de/10013314848
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The Short and the Long of it : Stock-Flow Matching in the US Housing Market
Smith, Eric; Xie, Zoe; Fang, Lei - 2022
declines sharply after listing for two weeks. Moreover, the probability and associated price of a fast sale recover from the …
Persistent link: https://www.econbiz.de/10014243085
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Coordinated Capacity Reductions and Public Communication in the Airline Industry
Aryal, Gaurab - 2020
We investigate whether legacy U.S. airlines communicated via earnings calls to coordinate with other legacy airlines in offering fewer seats on competitive routes. To this end, we first use text analytics to build a novel dataset on communication among airlines about their capacity choices....
Persistent link: https://www.econbiz.de/10012840697