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have occurred in pricing, service, and competition in the 28 years since deregulation. We then examine some of the major …) possible market power of dominant airlines, and (c) congestion and investment shortfall in the airport and air traffic …
Persistent link: https://www.econbiz.de/10012775910
This paper uses a variety of data sources to study the effect of deregulation on the structure of wages in the airline … deregulation, with roughly similar declines for industry-specific occupations (pilots and flight attendants) and general …
Persistent link: https://www.econbiz.de/10013308329
This paper describes the effects of deregulation on negotiated wage rates and employment levels of aircraft mechanics … real wage rates since deregulation,and only recent increases in interfirm wage differentials. Employment growth rates, on …-entrant airlines. The data suggest that deregulation resulted in a transfer of 5000-7000 maintenance jobs from the incumbent trunks to …
Persistent link: https://www.econbiz.de/10013218973
1978 Airline Deregulation Act to bring new evidence on the link between airline traffic and local economic growth. Using …
Persistent link: https://www.econbiz.de/10013102197
The airline industry's current financial crisis has raised concerns over the ramifications of airline bankruptcies for air service and the economy. Such bankruptcies, however, nearly always occur when demand is weak, and, thus, when even healthy airlines are inclined to reduce flights. Moreover,...
Persistent link: https://www.econbiz.de/10013230365
Since the September 11, 2001 terrorist attacks, repeated airport closures due to potential security breaches have … irregular operations. Our results indicate that while outcomes of flights scheduled during airport closures are difficult to … likelihood of continued security-related airport closings, understanding the factors that determine schedule recovery is …
Persistent link: https://www.econbiz.de/10013246975
Traditional explanations for indirect trade through an entrepot have focused on savings in transport costs and on the role of specialized agents in processing and distribution. We provide an alternative perspective based on the possibility that entrepots may facilitate tariff evasion. Using data...
Persistent link: https://www.econbiz.de/10012760465
In the first of the two companion papers, we show that the dynamic aspects of the license utilization decision in an uncertain environment, together with the usual policy of rewarding high license utilization with future license allocations. creates four components of the license price. These...
Persistent link: https://www.econbiz.de/10012763100
We examine the factors that determine the differences in ex ante returns on equities in eleven Pacific Basin countries. Our concern is whether real return differentials are primarily caused by nominal return differentials or expected changes in real exchange rates. We find that nominal return...
Persistent link: https://www.econbiz.de/10012763463
The controversy over the appropriate partitioning of East Asian growth into accumulation versus technical change has overlooked a fundamental indeterminacy in measurement. As a result, we cannot rule out the possibility that East Asia has in fact experienced a tremendous amount of technological...
Persistent link: https://www.econbiz.de/10012763667