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The goal of this paper is to bring some unity to the theoretical side of the debate on internalization of airport congestion by showing that all the literature's theoretical results can be derived within one simple and unified framework. The analysis starts by replicating the results of...
Persistent link: https://www.econbiz.de/10012776625
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)...
Persistent link: https://www.econbiz.de/10012771860
This paper provides the first analysis of the trade-off between convenient flight connections and airport congestion. A continuous spatial model illustrates this trade-off in a framework where a small gap between flight operating times raises congestion while also shortening a connecting...
Persistent link: https://www.econbiz.de/10013014357
study provides an overview of experimental methods in economics, with a special focus on developing an economic theory of …
Persistent link: https://www.econbiz.de/10013315648
Social preference research has fundamentally changed the way economists think about many important economic and social phenomena. However, the empirical foundation of social preferences is largely based on laboratory experiments with self-selected students as participants. This is potentially...
Persistent link: https://www.econbiz.de/10013316160
Lionel Robbins contributions are often discussed in terms of two main aspects. First, the delineation of the scope of economics in terms of decision making conditional on scarcity. Second, a more methodological concern with respect to scientific neutrality and the possibility of meaningful...
Persistent link: https://www.econbiz.de/10013316653
To discuss experimental results without discussing how they came about makes sense when the results are robust to the way experiments are conducted. Experimental results, however, are – arguably more often than not – sensitive to numerous design and implementation characteristics such as the...
Persistent link: https://www.econbiz.de/10013149365
Marx made significant contributions to macroeconomics, laying the grounds for both Keynes's theory of aggregate demand … and Schumpeter's theory of creative destruction. His law of the tendency of the rate of profit to fall parallels Alvin … Hansen's theory of secular stagnation which has recently received much attention among scholars studying the financial crises …
Persistent link: https://www.econbiz.de/10012954595
the earlier contributions, and using them to place the current state of the theory in perspective. One of its aims is to …
Persistent link: https://www.econbiz.de/10013316648
There is a fundamental difference between the natural and the social sciences due to reactivity. This difference remains even in the age of Artificially Intelligent Learning Machines and Big Data. Many academic economists take it as a matter of course that economics should become a natural...
Persistent link: https://www.econbiz.de/10012949113