Gulf and the Far East. We study how fluctuations in oil tanker rates, oil exports, shipowner profits, and bunker fuel … costs, voyage profits decline, as cost shocks are only partially passed on to round-trip voyage rates. Oil exports from the … Arabian Gulf also decline, reflecting lower demand for VLCCs. Positive utilization shocks are associated with higher profits …

not lead to higher profits when internal pricing aligns with market values for green certificates. However, it stimulates …

mitigated through additional preferential tariff concessions under the WTO or a globally coordinated destination tax on profits …

unbundling. The theory predicts that an airlineś fares should fall when it introduces a bag fee, but that the full trip price …

-KLM and SkyTeam alliances into a single mega-alliance. The results of the analysis show that, although the airlines benefit … through higher profits, the merger and alliance consolidation harm consumers while reducing overall social surplus. The reason …

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 …

how fuel price changes affect cost-minimizing choices by airlines that have implications for the extent of this …

We investigate entry in a dynastic entrepreneurship (overlapping generations) environment created by employee spinoffs …, optimal entry of original firms and all subsequent employee spinoffs is achieved, despite the fact that the original firm can … of these agreements shuts down socially profitable spinoff firms. Non-enforcement sacrifices entry of original firms that …

affected by demand fluctuations. Our model gives rise to procyclical entry, prices, and price-cost margins, although the …- or countercyclical if the incumbent is a first mover. Moreover, our results show that entry deterrence by the incumbent …