Showing 1 - 10 of 27
question we exploit a unique policy experiment in the inter-war military aircraft industry. Airframe designs had little IP …
Persistent link: https://www.econbiz.de/10012858801
This paper develops a multi-agent dynamic model of the commercial aircraft industry and then uses that model to analyze … model utilizes a cost model of commercial aircraft production developed and estimated in a previous paper (Benkard (2000 …)), and a discrete choice model of commercial aircraft demand to determine static profits. I find that many unusual aspects of …
Persistent link: https://www.econbiz.de/10013218087
This paper studies the efficiency with which physical capital can be reallocated across sectors. It presents a model of a firm selling specialized capital in a thin resale market. The model predicts that the selling price depends not only on the sectoral specificity of capital, but also on the...
Persistent link: https://www.econbiz.de/10013220526
This paper introduces a new cost dataset for a commercial aircraft firm and uses this data to analyze the dynamics of … learning in commercial aircraft production. This dataset is found to be inconsistent with the simple learning hypothesis, and … some, but not all, of a firm's production experience transfers from one generation of an aircraft to the next. This …
Persistent link: https://www.econbiz.de/10013222248
large commercial aircraft. The analysis combines the deep firm- specific knowledge of management and labor typical of the …
Persistent link: https://www.econbiz.de/10013235276
empirical version of the model using personnel data from Fokker Aircraft that cover the path of layoffs and quits through its …
Persistent link: https://www.econbiz.de/10013248093
This paper examines international competition in the commercial aircraft industry. We estimate a discrete choice …, differentiated products demand system for wide-body aircraft and examine the Airbus-Boeing rivalry under various assumptions on firm … suggest that aircraft prices increased by about 3.7 percent after the 1992 U.S. – E.U. agreement on trade in civil aircraft …
Persistent link: https://www.econbiz.de/10013246645
This paper begins by identifying nominal price stickiness as the logical basis for the Keynesian or activist point of view concerning demand management policy. It then characterizes two alternative approaches to policy analysis that have been adopted by adherents of the Keynesian position, the...
Persistent link: https://www.econbiz.de/10013227003
U.S. airlines have lost nearly $60 billion (2009 dollars) in domestic markets since deregulation, most of it in the last decade. More than 30 years after domestic airline markets were deregulated, the dismal financial record is a puzzle that challenges the economics of deregulation. I examine...
Persistent link: https://www.econbiz.de/10013130786
This study attempts to explain the general pattern of aircraft hijacking in the U.S. between 1361 and 1976, the reasons … sentence are associated with significant reductions in aircraft hijackings in the 1961 to 1976 time period. These findings are …
Persistent link: https://www.econbiz.de/10013139757