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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/10012465197
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/10012475717
business cycle conditions at the time of deregulation significantly affect adjustment. A reduction of firing costs entails …
Persistent link: https://www.econbiz.de/10012456546
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 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/10012473155
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/10012477229
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/10012458374
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/10012461914
firms by estimating the effect of the pre-deregulation level of" leverage on the survival of trucking firms after the Carter … deregulation. Highly leveraged" carriers are less likely to survive the deregulation shock, even after controlling for various … charge after deregulation. " …
Persistent link: https://www.econbiz.de/10012472539
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/10012463150