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This paper studies whether a regulator needs to correct the route structure choice by carriers with market power in the presence of congestion externalities, in addition to correct their pricing. We account for passenger benefits from increased frequency, passenger connecting costs, airline...
Persistent link: https://www.econbiz.de/10010225784
Persistent link: https://www.econbiz.de/10010190995
This paper studies network formation in settings where players are heterogeneous with respect to benefits as well as … the costs of forming links. Our results demonstrate that centrality, center-sponsorship and short network diameter are … groups as compared to across groups, strategic play by individuals leads to a network architecture in which there is a core …
Persistent link: https://www.econbiz.de/10011326943
In a circular city model, I consider network design and pricing decisions for asingle fast transport connection that … faces competition from a slower but betteraccessible transport mode. To access the fast transport network individuals haveto …
Persistent link: https://www.econbiz.de/10011333275
paper continues on the work of Galeotti, Goyal and Kamphorst (2003). In their paper they investigate a model of network …
Persistent link: https://www.econbiz.de/10011334857
Persistent link: https://www.econbiz.de/10001884023
1970's the world of economics was a collection of islands. Two decades later, in the 1990's the world of economics was much … individuals on the largest island had fallen significantly. Thus we believe that economics is an emerging small world ….An exploration of the micro aspects of the network yields three findings: one, the average number of co-authors is very small but …
Persistent link: https://www.econbiz.de/10011334330
One of the most famous ranking methods for digraphs is the ranking by Copeland score. The Copeland score of a node in a digraph is the difference between its outdegree (i.e. its number of outgoing arcs) and its indegree (i.e. its number of ingoing arcs). In the ranking by Copeland score, a node...
Persistent link: https://www.econbiz.de/10012023971
We develop an agent-based model for the euro area that fulfils widely recommended requirements for nextgeneration macroeconomic models by i) incorporating financial frictions, ii) relaxing the requirement of rational expectations, and iii) including heterogeneous agents. Using macroeconomic and...
Persistent link: https://www.econbiz.de/10014233385
Cultural diversity is a complex and multi-faceted concept. Commonly used quantitative measures of the spatial distribution of culturally-defined groups 'such as segregation, isolation or concentration indexes' are often only capable of identifying just one aspect of this distribution. The...
Persistent link: https://www.econbiz.de/10010370655