Can patent protection and product market competition complement each other in enhancing incentives to innovate? In this … product market competition interact with the strength of patent rights. We provide empirical evidence of innovation responding … with step-by-step innovation models predicting that product market competition enhances innovation and, more importantly …

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 …, analysts, and researchers -- including high taxes and fuel costs, weak demand, and competition from lower-cost airlines …

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 sustainability of competition and volatility of airline profits, (b …

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 …

This paper estimates a model of airline competition that captures the two major features of the industry: product …

deregulation of the industry in 1978. These concerns have energized economic research on three aspects of airline safety. First …, has the level of airline safety declined since deregulation? Research on this topic investigates whether heightened public …