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Accounting for Price Endogeneity in Airline Itinerary Choice Models : An Application to Continental U.S. Markets
Lurkin, Virginie - 2016
price endogeneity. This study formulates an itinerary choice model that is consistent with those used by industry and … corrects for price endogeneity using a control function that uses several types of instrumental variables. We estimate our … Continental U.S. markets for May 2013 departures show that models that fail to account for price endogeneity overestimate …
Persistent link: https://www.econbiz.de/10012981108
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The Structure of Production, Technical Change and Efficiency in a Multiproduct Industry : An Application to U.S. Airlines
Good, David H.; Nadiri, M. Ishaq; Sickles, Robin C. - 2022
In this paper we construct a short run model of the firm describing the behavior of thirteen U.S. airlines during the difficult transition to deregulation. Several modeling scenarios are developed to assess three common assumptions in cost studies: the use of time as a proxy for technological...
Persistent link: https://www.econbiz.de/10013324615
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Airline Schedule Recovery after Airport Closures : Empirical Evidence Since September 11th
Rupp, Nicholas G.; DeSimone, Jeffrey S.; Holmes, George M. - 2021
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
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Do Airline Bankruptcies Reduce Air Service?
Borenstein, Severin; Rose, Nancy L. - 2021
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
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On the Persistent Financial Losses of U.S. Airlines : A Preliminary Exploration
Borenstein, Severin - 2011
even as their price differentials have greatly declined …
Persistent link: https://www.econbiz.de/10013130786
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An Economic Study of U.S. Aircraft Hijacking, 1960-1976
Landes, William M. - 2010
This study attempts to explain the general pattern of aircraft hijacking in the U.S. between 1361 and 1976, the reasons for the dramatic reduction in hijackings after 1972, and the costs and benefits of regulation instituted in 1973 that required mandatory preboarding searches of all passengers...
Persistent link: https://www.econbiz.de/10013139757
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Do Airlines in Chapter 11 Harm Their Rivals? Bankruptcy and Pricing Behavior in U.S. Airline Markets
Borenstein, Severin; Rose, Nancy L. - 2021
The behavior of firms in financial distress has attracted considerable academic and policy interest in recent years. The turmoil in the U.S. airline industry has triggered much of the public policy discussion, as some observers have argued that airlines in financial distress, particularly those...
Persistent link: https://www.econbiz.de/10013232906
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The Effects of Mergers on Prices, Costs, and Capacity Utilization in the U.S. Air Transportation Industry, 1970-84
Lichtenberg, Frank R.; Kim, Moshe - 2021
We analyze the effect of mergers on various aspects of airline performance during the period 1970-84, using a panel data set constructed by Caves et al. Estimates derived from a simple "matched pairs" statistical model indicate that these mergers were associated with reductions in unit cost. The...
Persistent link: https://www.econbiz.de/10013211662
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Competition and Price Dispersion in the U.S. Airline Industry
Borenstein, Severin; Rose, Nancy E. - 2021
a route averages thirty-six percent of the airline's average ticket price on the route. The pattern of price dispersion … airlines. We argue that the data support an explanation based on theories of price discrimination in monopolistically …
Persistent link: https://www.econbiz.de/10013229357
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Testing Theories of Scarcity Pricing in the Airline Industry
Puller, Steven L. - 2010
airline price dispersion. We use a unique new dataset to test between two broad classes of theories regarding airline pricing … periods. The second group of theories is that airlines practice price discrimination by using ticketing restrictions to …-degree price discrimination drive much of the variation in ticket pricing …
Persistent link: https://www.econbiz.de/10013149987