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Schedule Selection by Agents : From Price Plans to Tax Tables

Luttmer, Erzo F. P. - 2010

structure is relevant in many applications. We develop the theory underlying optimal menus of non-linear schedules and prove …

Persistent link: https://www.econbiz.de/10012759520

Airports and Urban Growth : Evidence from a Quasi-Natural Policy Experiment

Blonigen, Bruce A. - 2012

While significant work has been done to examine the determinants of regional development, there is little evidence on the contribution of air services toward this outcome. This paper exploits the unexpected market changes induced by the 1978 Airline Deregulation Act to bring new evidence on the...

Persistent link: https://www.econbiz.de/10013102197

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

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

The Fiscal Cost of Hurricanes : Disaster Aid Versus Social Insurance

Deryugina, Tatyana - 2016

Little is known about the fiscal costs of natural disasters, especially regarding social safety nets that do not specifically target extreme weather events. This paper shows that US hurricanes lead to substantial increases in non-disaster government transfers, such as unemployment insurance and...

Persistent link: https://www.econbiz.de/10012991681

The Maturity and Payment Schedule of Sovereign Debt

Bai, Yan - 2015

This paper studies the maturity and stream of payments of sovereign debt. Using Bloomberg bond data for eleven emerging economies, we document that countries react to crises by issuing debt with shortened maturity but back-load payment schedules. To account for this pattern, we develop a...

Persistent link: https://www.econbiz.de/10013028562

A Sparsity-Based Model of Bounded Rationality

Gabaix, Xavier - 2011

This paper defines and analyzes a "sparse max" operator, which is a less than fully attentive and rational version of the traditional max operator. The agent builds (as economists do) a simplified model of the world which is sparse, considering only the variables of first-order importance. His...

Persistent link: https://www.econbiz.de/10013127754

Identification Problems in Personality Psychology

Borghans, Lex - 2011

This paper discusses and illustrates identification problems in personality psychology. The measures used by psychologists to infer traits are based on behaviors, broadly defined. These behaviors are produced from multiple traits interacting with incentives in situations. In general, measures...

Persistent link: https://www.econbiz.de/10013127766

Rules Versus Discretion in Trade Policy : an Empirical Analysis

Staiger, Robert W. - 2011

We test empirically for evidence that government tariff-setting behavior depends on the degree of discretion with which policy-makers are endowed. We do this by studying government tariff choices under two distinct environments. One environment is that of tariffs set under the Escape Clause...

Persistent link: https://www.econbiz.de/10013127832

Empirical Patterns of Firm Growth and R&D Investment : a Quuality Laddermodel Interpretation

Klette, Tor Jakob - 2011

We present a model of endogenous firm growth with R&D investment and stochastic innovation as the engines of growth. The model for firm growth is a partial equilibrium model drawing on the quality ladder models in the macro growth literature, but also on the literature on patent races and the...

Persistent link: https://www.econbiz.de/10013127899

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