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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/10012468954
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/10012469062
Greater skill of active investment managers can mean less fee revenue in a general equilibrium. Although more-skilled managers earn more revenue than less-skilled managers, greater skill for active managers overall can imply less revenue for their industry. Greater skill allows managers to...
Persistent link: https://www.econbiz.de/10012479976
Despite the popularity of pay-for-performance (P4P) among health policymakers and private insurers as a tool for improving quality of care, there is little empirical basis for its effectiveness. We use data from published performance reports of physician medical groups contracting with a large...
Persistent link: https://www.econbiz.de/10012463761
This paper considers how six alternative rebate rules affect voluntary contributions in a threshold public-good experiment. The rules differ by (1) whether an individual can receive a proportional rebate of excess contributions, a winner-takes-all of any excess contributions, or a full rebate of...
Persistent link: https://www.econbiz.de/10012464089
Migration of intangible assets from the United States to foreign countries has become easier due to the ability of U.S. firms to create hybrid entities in their affiliates abroad and to reach favorable cost sharing agreements with them. This strategy was particularly encouraged by the U.S....
Persistent link: https://www.econbiz.de/10012465404
Many students enrolled in academic programs around the world take longer to obtain a degree than the normal completion time while college tuition is typically constant during the years of enrollment. In particular, it does not increase when a student remains in a program beyond the normal...
Persistent link: https://www.econbiz.de/10012465793
We estimate a structural model of the market for automatic teller machines (ATMs) in order to evaluate the implications of regulating ATM surcharges on ATM entry and consumer and producer surplus. We estimate the model using data on firm and consumer locations, and identify the parameters of the...
Persistent link: https://www.econbiz.de/10012466221
Funds of funds are an increasingly popular avenue for hedge fund investment. Despite the increasing interest in hedge funds as an alternative asset class, the high degree of fund specific risk and the lack of transparency may give fiduciaries pause. In addition, many of the most attractive hedge...
Persistent link: https://www.econbiz.de/10012469239
fraction of revenues through direct user fees, rather than taxes. By 2018, total charges for services equal tax revenue in the …
Persistent link: https://www.econbiz.de/10012533354