Showing 1 - 10 of 1,858
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
Sophisticated collusive compensation schemes such as assigning future market shares or direct transfers are frequently observed in detected cartels. We show formally why these schemes are useful for dampening deviation incentives when colluding firms are temporary asymmetric. The relative...
Persistent link: https://www.econbiz.de/10013310765
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
We consider a multi-service transportation system in which passengers are heterogeneous along two dimensions, namely ideal departure time and value of time, leading to both horizontal and vertical differentiation. We investigate the behavior of passengers, and assess how service pricing and...
Persistent link: https://www.econbiz.de/10012861431
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
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 …
Persistent link: https://www.econbiz.de/10010271849
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
We propose a simple and powerful numerical algorithm to compute the transition process in continuous-time dynamic … system of functional differential equations of the retarded type. We apply the Waveform Relaxation algorithm, i.e., we …
Persistent link: https://www.econbiz.de/10010274762
We describe an algorithm that is able to compute the solution of a singular linear difference system under rational … expectations. The algorithm uses the Generalized Schur Factorization and is illustrated by a simple example. …
Persistent link: https://www.econbiz.de/10010275804
Airport noise is costly. Airport location is typically associated with lower property prices. Airport expansion often … sparks protests by local residents. In this paper, I provide new evidence on the costs of airport-related noise (and other … disamenities of airports) for individuals. In contrast to previous work, I analyze voting results on restricting airport operations …
Persistent link: https://www.econbiz.de/10010265963