Showing 1 - 10 of 1,863
This paper revisits the airline schedule-buffer choice problem analyzed by Brueckner, Czerny and Gaggero (2020) using a …
Persistent link: https://www.econbiz.de/10012823555
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
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 …
Persistent link: https://www.econbiz.de/10012908676
This study provides further empirical evidence on pricing by international airline alliances. The paper covers a long …
Persistent link: https://www.econbiz.de/10012866395
We develop a behavioral macroeconomic model in which agents use simple but biased rules to forecast future output and inflation. This model generates endogenous waves of optimism and pessimism (Animal Spirits") that are generated by the correlation of biased beliefs. We contrast the dynamics of...
Persistent link: https://www.econbiz.de/10010272308
I distinguish two types of macroeconomic models. The first type are top-down models in which some or all agents are capable of understanding the whole picture and use this superior information to determine their optimal plans. The second type are bottom-up models in which all agents experience...
Persistent link: https://www.econbiz.de/10010272346
individuals use simple rules of thumb (heuristics) to forecast the future inflation and output gap. We compare this model with the …
Persistent link: https://www.econbiz.de/10010273776
in economic growth. Every macro-economic theory should attempt to explain these endemic business cycle movements. In this …
Persistent link: https://www.econbiz.de/10010274846
imposed at selected U.S. airports in the relatively near future. The theory developed in this paper, which extends the results … theory says that the congestion tolls levied on the various airlines at a particular airport should generally be different …
Persistent link: https://www.econbiz.de/10010315286
an airline’s total fuel usage to seven variables: the available ton miles of capacity (passengers plus freight and mail …) provided by the airline; the average seat capacity of its aircraft, average stage length (flight distance); average load factor … (measured by weight); the average vintage (construction year) of its aircraft; the percentage of the airline’s flights that are …
Persistent link: https://www.econbiz.de/10011522533