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How Airline Markets Work...Or Do They? Regulatory Reform in the Airline Industry
Borenstein, Severin - 2007
have occurred in pricing, service, and competition in the 28 years since deregulation. We then examine some of the major …
Persistent link: https://www.econbiz.de/10012775910
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Entry, Contestability, and Deregulated Airline Markets : an Event Study Analysis of People Express
Whinston, Michael D.; Collins, Scott C. - 2021
on three issues. First, it offers a clean test of contestable market theory. Second, it provides evidence on the level of …
Persistent link: https://www.econbiz.de/10013218106
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Market Reforms in the Time of Imbalance
Cacciatore, Matteo - 2016
business cycle conditions at the time of deregulation significantly affect adjustment. A reduction of firing costs entails …
Persistent link: https://www.econbiz.de/10012994915
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Deregulation and Labor Earnings in the Airline Industry
Card, David - 2022
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
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The Impact of Deregulation on the Employment and Wages of Airline Mechanics
Card, David - 2021
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
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A Model of Dynamic Limit Pricing with an Application to the Airline Industry
Gedge, Chris - 2014
The one-shot nature of most theoretical models of strategic investment, especially those based on asymmetric information, limits our ability to test whether they can fit the data. We develop a dynamic version of the classic Milgrom and Roberts (1982) model of limit pricing, where a monopolist...
Persistent link: https://www.econbiz.de/10013050311
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On the Persistent Financial Losses of U.S. Airlines : A Preliminary Exploration
Borenstein, Severin - 2011
U.S. airlines have lost nearly $60 billion (2009 dollars) in domestic markets since deregulation, most of it in the … that challenges the economics of deregulation. I examine some of the most common explanations among industry participants …
Persistent link: https://www.econbiz.de/10013130786
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These are the Good Old Days : Foreign Entry and the Mexican Banking System
Haber, Stephen - 2013
In 1997, the Mexican government reversed long-standing policies and allowed foreign banks to purchase Mexico's largest commercial banks and relaxed restrictions on the founding of new, foreign-owned banks. The result has been a dramatic shift in the ownership structure of Mexico's banks. For...
Persistent link: https://www.econbiz.de/10013088399
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Banking Deregulations, Financing Constraints, and Firm Entry Size
Kerr, William - 2014
We examine the effect of US branch banking deregulations on the entry size of new firms using micro-data from the US Census Bureau. We find that the average entry size for startups did not change following the deregulations. However, among firms that survived at least four years, a greater...
Persistent link: https://www.econbiz.de/10013070600
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Input Constraints and the Efficiency of Entry : Lessons from Cardiac Surgery
Cutler, David M. - 2010
Prior studies suggest that, with elastically supplied inputs, free entry may lead to an inefficiently high number of firms in equilibrium. Under input scarcity, however, the welfare loss from free entry is reduced. Further, free entry may increase use of high-quality inputs, as oligopolistic...
Persistent link: https://www.econbiz.de/10013151395