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The value of national defense : assessing public preferences for defense policy options

Qari, Salmai; Börger, Tobias; Lohse, Tim; Meyerhoff, … - 2023

Defense spending accounts for a large share of the budget in many countries, but the value of the resulting public good - national defense - has so far escaped assessment. Much of the literature has instead considered indirect benefits of defense spending in terms of greater economic growth or...

Persistent link: https://www.econbiz.de/10014450765

Assessing the value of incomplete university degrees : experimental evidence from HR recruiters

Diem, Andrea; Gschwendt, Christian; Wolter, Stefan C. - 2025

A university degree is a risky investment because of the non-negligible risk of having to drop out of university without graduating. However, the costs of this risk are controversial, as it is often argued that even an uncertified year of study has a value in the labor market. To determine this...

Persistent link: https://www.econbiz.de/10015211729

Is the welfare state sustainable? : experimental evidence on citizens' preferences for redistribution

Neustadt, Ilja; Zweifel, Peter - 2010

The sustainability of the welfare state ultimately depends on citizens' preferences for income redistribution. They are elicited through a Discrete Choice Experiment performed in 2008 in Switzerland. Attributes are redistribution as GDP share, its uses (the unemployed, old-age pensioners, people...

Persistent link: https://www.econbiz.de/10003997641

Estimating consumer inertia in repeated choices of smartphones

Grzybowski, Lukasz; Nicolle, Ambre - 2018

In this paper, we use a unique dataset on switching between mobile handsets in a sample of about 8,623 subscribers using tariffs without handset subsidies from a single mobile operator on a monthly basis between July 2011 and December 2014. We estimate a discrete choice model in which we account...

Persistent link: https://www.econbiz.de/10011955550

Identifying state dependence in brand choice : evidence from hurricanes

Levine, Julia; Seiler, Stephan - 2022

We analyze structural state dependence in brand choice using variation from brand switching during stock-outs caused by hurricanes. We derive a simple test for structural state dependence based on the time-series of choice persistence for households affected by the stock-outs. Using data from...

Persistent link: https://www.econbiz.de/10013342887

Product unbundling in the travel industry : the economics of airline bag fees

Brueckner, Jan K.; Lee, Darin N.; Picard, Pierre M.; … - 2013

This paper provides theory and evidence on airline bag fees, offering insights into a real-world case of product … unbundling. The theory predicts that an airlineś fares should fall when it introduces a bag fee, but that the full trip price …

Persistent link: https://www.econbiz.de/10009793154

Coordinated capacity reductions and public communication in the airline industry

Aryal, Gaurab; Ciliberto, Federico; Leyden, Benjamin T. - 2020

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 …

Persistent link: https://www.econbiz.de/10012171806

A refutation of "common ownership does not have anti-competitive effects in the airline industry"

Azar, José; Schmalz, Martin C.; Tecu, Isabel - 2022

We show that the main claim in Dennis, Gerardi, and Schenone (JF forthcoming) (DGS), namely "that the documented positive correlation between common ownership and ticket prices stems from the market share component of the common ownership measure, and not the ownership and control components,"...

Persistent link: https://www.econbiz.de/10013365382

How do airlines cut fuel usage, reducing their carbon emissions?

Brueckner, Jan K.; Kahn, Matthew E.; Nickelsburg, Jerry - 2023

Airline fuel consumption is costly for the firms and for society as well due to a climate-change externality. We study … how fuel price changes affect cost-minimizing choices by airlines that have implications for the extent of this … externality. The airline industry's capital stock can be easily inventoried as a set of long-lived, durable aircraft. This …

Persistent link: https://www.econbiz.de/10014289750

Consumer myopia in vehicle purchases : evidence from a natural experiment

Gillingham, Kenneth; Houde, Sébastien; Benthem, Arthur … - 2019

A central question in the analysis of fuel-economy policy is whether consumers are myopic with regards to future fuel costs. We provide the first evidence on consumer valuation of fuel economy from a natural experiment. We examine the short-run equilibrium effects of an exogenous restatement of...

Persistent link: https://www.econbiz.de/10012024383