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Airline Alliances and Service Quality
Brueckner, Jan K. - 2018
Convenient scheduling, characterized by adequate flight frequency, is the main quality attribute for airline services. However, the effect of airline alliances on this important dimension of service quality has received almost no attention in the literature. This paper fills this gap by...
Persistent link: https://www.econbiz.de/10012908676
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Future European Alliance - Europe as a Flexible Democracy
Frey, Bruno S. - 2019
A reasonable future for Europe can only be achieved if two essential elements are fulfilled: Firstly, newly established institutions must be democratic and have strong support from citizens rather than from national governments. Secondly, the large number of different ethnic, cultural,...
Persistent link: https://www.econbiz.de/10012892304
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Pricing by International Airline Alliances : A Retrospective Study Using Supplementary Foreign-Carrier Fare Data
Brueckner, Jan K. - 2019
This study provides further empirical evidence on pricing by international airline alliances. The paper covers a long sample period, which runs from 1997 to 2016, and it supplements the usual USDOT fare data with confidential fare data reported by the foreign alliance partners of US carriers....
Persistent link: https://www.econbiz.de/10012866395
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The crisis in the foreign exchange market
Melvin, Michael; Taylor, Mark P. - 2009
The financial crisis of 2007-2008 had major implications for the foreign exchange market. We review events and implications for exchange rates, volatility, returns to currency investing, and transaction costs. This blow-by-blow" narrative is intended to be a resource for researchers seeking a...
Persistent link: https://www.econbiz.de/10010266026
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Overlapping Climate Clubs Under Transaction Costs
Delfino Silva, Emilson - 2019
We examine the formation of multilateral, hub-and-spoke and bilateral international R&D strategic alliances (overlapping climate clubs) to reduce CO2 emissions. R&D provision in clubs produces two types of positive externalities: a global public good (i.e., reduction of CO2 emissions) and...
Persistent link: https://www.econbiz.de/10012892264
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Import Processing and Trade Costs
Carballo, Jerónimo; Graziano, Alejandro; Schaur, Georg; … - 2021
Trade facilitation policy focuses on accelerated and transparent shipment processing to reduce trade costs. A common measure to evaluate processing frictions is the time it takes to import. In this paper we translate import processing times to costs. Our theory considers that shipment processing...
Persistent link: https://www.econbiz.de/10013219078
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The Effects of Land Redistribution : Evidence from the French Revolution
Finley, Theresa; Franck, Raphaël; Johnson, Noel - 2021
This study exploits the confiscation and auctioning off of Church property that occurred during the French Revolution to assess the role played by transaction costs in delaying the reallocation of property rights in the aftermath of fundamental institutional reform. French districts with a...
Persistent link: https://www.econbiz.de/10013315182
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Trade Costs, Market Access and Economic Geography : Why the Empirical Specification of Trade Costs Matters
Bosker, Erik Maarten; Garretsen, Harry - 2021
Trade costs are crucial in new economic geography (NEG) models. The unavailability of actual trade costs data requires the approximation of trade costs. Most NEG studies do not deal with the ramifications of the particular trade costs specification used. This paper shows that the specification...
Persistent link: https://www.econbiz.de/10013316892
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Learning from Failures : Optimal Contract for Experimentation and Production
Khalil, Fahad - 2019
Before embarking on a project, a principal must often rely on an agent to learn about its profitability. We model this learning as a two-armed bandit problem and highlight the interaction between learning (experimentation) and production. We derive the optimal contract for both experimentation...
Persistent link: https://www.econbiz.de/10012892041
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Strategic outsourcing, profit sharing and equilibrium unemployment
Koskela, Erkki; König, Jan - 2007
We analyze the following questions associated with outsourcing and profit sharing under imperfect labour markets. How … does strategic outsourcing influence wage formation, profit sharing and employee effort when firms commit to optimal profit … sharing before wage formation or decide for profit sharing after wage formation. What is the relationship between outsourcing …
Persistent link: https://www.econbiz.de/10010264267