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Wage Determination in the U.S. Airline Industry : Union Power Under Product Market Constraints
Hirsch, Barry T. - 2021
The paper analyzes wages in the U.S. airline industry, focusing on the role of collective bargaining in a changing … product market environment. Airline unions have considerable strike threat power, but are constrained by the financial health … of carriers. Since airline deregulation, compensation has waxed and waned in response to the industry's economic …
Persistent link: https://www.econbiz.de/10013317367
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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 … externality. The airline industry's capital stock can be easily inventoried as a set of long-lived, durable aircraft. This …. Changes in airline operations directed toward conserving fuel can be an important path toward lower emissions …
Persistent link: https://www.econbiz.de/10014348423
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Analyzing Cost Efficient Production Behavior Under Economies of Scope : A Nonparametric Methodology
Cherchye, L. - 2006
In designing a production model for firms that generate multiple outputs, we take as a starting point that such multi-output production refers to economies of scope, which in turn originate from joint input use and input externalities. We provide a nonparametric characterization of cost...
Persistent link: https://www.econbiz.de/10012779393
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Exports, Imports and Profitability : First Evidence for Manufacturing Enterprises
Wagner, Joachim - 2011
This paper documents for the first time the relationship between profitability and three types of international trade …
Persistent link: https://www.econbiz.de/10013123600
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The Price of Capital, Factor Substitutability, and Corporate Profits
Hergovich, Philipp - 2018
The capital-to-labor ratio has steadily risen in the U.S. and elsewhere during the post-WWII period. Since the 1970s this rise has been accompanied by a rise in the level and variability of corporate profits whereas the labor share of income has declined. In this paper we ask whether these...
Persistent link: https://www.econbiz.de/10012911171
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When, Where and How to Perform Efficiency Estimation
Badunenko, Oleg - 2011
In this paper we compare two flexible estimators of technical efficiency in a cross-sectional setting: the nonparametric kernel SFA estimator of Fan, Li and Weersink (1996) to the nonparametric bias corrected DEA estimator of Kneip, Simar and Wilson (2008). We assess the finite sample...
Persistent link: https://www.econbiz.de/10013120128
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Financial Constraints and Innovation : Why Poor Countries Don't Catch Up
Gorodnichenko, Yuriy - 2015
This paper examines micro-level channels of how financial development can affect macroeconomic outcomes like the level of income and export intensity. We investigate theoretically and empirically how financial constraints affect a firm's innovation and export activities, using unique firm survey...
Persistent link: https://www.econbiz.de/10013039087
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The Effects of Access to Credit on Productivity : Separating Technological Changes from Changes in Technical Efficiency
Jimi, Nusrat - 2019
Improving productivity among microenterprises is important, especially in low-income countries where market imperfections are pervasive, and resources are scarce. Relaxing credit constraints can increase the productivity of microenterprises. Using a field experiment involving agricultural...
Persistent link: https://www.econbiz.de/10012864861
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Gender Equity in Labor Market Opportunities and Aggregate Technical Efficiency : A Case of Equity Promoting Efficiency
Hazarika, Gautam; Khraiche, Maroula; Kutlu, Levent - 2023
This study applies a panel data stochastic frontier analysis to country data towards examining the effect of gender equity in labor market opportunities upon efficiency in the production of GDP. It finds that aggregate technical efficiency is improved by a widening of women's labor market...
Persistent link: https://www.econbiz.de/10014357173
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Sluggish Institutions in a Dynamic World : Can Unions and Industrial Competition Coexist?
Hirsch, Barry T. - 2021
During the 1930s and 1940s, collective bargaining emerged as the workplace governance norm in much of the U.S. industrial sector. Following its peak in the 1950s, union density in the U.S. private sector fell steadily, to only 7.4 percent in 2006. Governance shifted from a formalized union norm...
Persistent link: https://www.econbiz.de/10013316913