Showing 1 - 10 of 74
This paper develops a partial equilibrium job search model to study the behavioral and welfare implications of an Unemployment Insurance (UI) scheme in which job search requirements are imposed on UI recipients with hyperbolic preferences. We show that, if the search requirements are well...
Persistent link: https://www.econbiz.de/10010292795
Since measures of well-being are meant to be an exercise in documentation, but also a tool for policies and priorities, we suggest an operative way to use them. We evaluate both technical and social efficiency of countries in producing the Better Life Index (BLI) objectives. To assess the...
Persistent link: https://www.econbiz.de/10011307128
same time, the Kingdom of Italy started a large infrastructure project to spread railways, which were largely confined in … Northern Italy, all over the country. Using tools from spatial econometrics, we find that railways played a positive effect on … productivity, but this effect was stronger in the areas in which railways were already built. Moreover, railways helped industrial …
Persistent link: https://www.econbiz.de/10011307101
This paper provides theory and evidence on airline bag fees, offering insights into a real-world case of product unbundling. The theory predicts that an airline's fares should fall when it introduces a bag fee, but that the full trip price (the bag fee plus the new fare) could either rise or...
Persistent link: https://www.econbiz.de/10010322994
features, and network structure, using a detailed and realistic theoretical model of competing duopoly airlines. These impacts …
Persistent link: https://www.econbiz.de/10010271852
This paper offers the first formal economic analysis of carve-outs under airline antitrust im- munity. Carve-outs are designed to limit the potential anticompetitive effects of cooperation by alliance partners in hub-to-hub markets, where they provide overlapping nonstop service. While the paper...
Persistent link: https://www.econbiz.de/10010271860
We investigate whether legacy U.S. airlines communicated via earnings calls to coordinate with other legacy airlines in … among airlines about their capacity choices. Estimates from our preferred specification show that when all legacy airlines … reduction materializes only when airlines communicate concurrently, and that it cannot be explained by other possibilities …
Persistent link: https://www.econbiz.de/10012207880
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/10012314832
We show that the main claim in Dennis, Gerardi, and Schenone (JF forthcoming) (DGS), namely "that the documented positive correlation between common ownership and ticket prices stems from the market share component of the common ownership measure, and not the ownership and control components,"...
Persistent link: https://www.econbiz.de/10013427723
how fuel price changes affect cost-minimizing choices by airlines that have implications for the extent of this …
Persistent link: https://www.econbiz.de/10014377452