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Convenient Flight Connections vs. Airport Congestion - Modeling the 'Rolling Hub'

Brueckner, Jan K. - 2015

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

Slot-Based Approaches to Airport Congestion Management

Brueckner, Jan K. - 2008

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

Atomistic Congestion Tolls at Concentrated Airports : Seeking a Unified View in the Internalization Debate

Brueckner, Jan K. - 2007

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

What Marx Means Today

Sinn, Hans-Werner - 2017

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

Reactivity in Economic Science

Frey, Bruno S. - 2017

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

Household Models : An Historical Perspective

Apps, Patricia F.; Rees, Ray - 2021

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

Labor Market Pooling, Outsourcing and Labor Contracts

Picard, Pierre M.; Wildasin, David E. - 2014

Economic regions, such as urban agglomerations, face external demand and price shocks that produce income risk. Workers in large and diversified agglomerations may benefit from reduced wage volatility, while firms may outsource the production of intermediate goods and realize benefits from...

Persistent link: https://www.econbiz.de/10014204210

The Economics of a Multilateral Investment Agreement

Che, Jiahua - 2012

This paper models a multilateral agreement on investment (MAI) as a coordination device. Multinational enterprises can invest in any number of countries. Without a multilateral investment agreement, expropriation triggers an investment stop by the single MNE. Under a multilateral agreement,...

Persistent link: https://www.econbiz.de/10012754890

Cross-Country Income Differences and Technology Diffusion in a Competitive World

Irmen, Andreas - 2012

This paper develops a new open-economy endogenous growth model where technology diffusion allows for a stable and non-degenerate world income distribution. In accordance with the empirical literature, I find that country characteristics such as the social infrastructure, the degree of openness,...

Persistent link: https://www.econbiz.de/10012754962

Enlargement versus Deepening : The Trade-Off Facing Economic Unions

Lorz, Oliver - 2012

This paper analyzes the relationship between the size of an economic union and the degree of policy centralization. We consider a political economy setting in which elected representatives bargain about the degree of centralization within the union. In our model strategic delegation affects the...

Persistent link: https://www.econbiz.de/10012754994

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