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Following a brief review of the U.S. domestic airline industry under regulation (1938-1978), we study the changes that have occurred in pricing, service, and competition in the 28 years since deregulation. We then examine some of the major public policy issues facing the industry: (a) the...
Persistent link: https://www.econbiz.de/10012465197
The durability of the transportation capital stock slows down the pace of decarbonization since newer vintages feature cutting-edge technology. If older vintages were to be retired sooner, the social cost of travel would decline. This paper analyzes and explores the viability of a potential...
Persistent link: https://www.econbiz.de/10014512059
This paper presents a synopsis of recent NBER studies of the history of corporate governance in Canada, China, France …
Persistent link: https://www.econbiz.de/10012467625
United States and Canada, 1870-1913. Both countries adhered to the international gold standard. This meant that the domestic … response to supply' shocks. For Canada the results are murkier. As in the U.S., the money supply shocks before 1896 are … shocks play a larger role in determining output behavior in Canada. The key conclusion of our analysis is that the simple …
Persistent link: https://www.econbiz.de/10012469182
This research explores the biocultural origins of human capital formation. It presents the first evidence that moderate fecundity and thus predisposition towards investment in child quality was conducive for long-run reproductive success within the human species. Using an extensive genealogical...
Persistent link: https://www.econbiz.de/10012458194
For nearly three centuries, Indigenous peoples within the borders of present-day Canada engaged in treaty-making with …
Persistent link: https://www.econbiz.de/10014372470
This paper describes the effects of deregulation on negotiated wage rates and employment levels of aircraft mechanics in the scheduled airline industry. Firm-specific data for the incumbent trunk airlines show relatively small changes in real wage rates since deregulation,and only recent...
Persistent link: https://www.econbiz.de/10012477229
This paper uses a variety of data sources to study the effect of deregulation on the structure of wages in the airline industry. Microdata from the 1980 and 1990 Censuses show a 10 percent decline in the relative earnings of airline workers after deregulation, with roughly similar declines for...
Persistent link: https://www.econbiz.de/10012473155
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/10012478925
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/10012461914