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An Economic Study of U.S. Aircraft Hijacking, 1960-1976

Landes, William M. - 1977

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/10012478925

Trade-ins and Transaction Costs in the Market for Used Business Jets

Hodgson, Charles - National Bureau of Economic Research - 2022

Manufacturers of durable goods can encourage consumers facing transaction costs to upgrade by accepting used units as trade-ins. These "buyback schemes" increase demand for new units, but increase the supply of used units if trade-ins are resold. In this paper, I investigate the equilibrium...

Persistent link: https://www.econbiz.de/10013388853

Decarbonizing Aviation : Cash-for-Clunkers in the Airline Industry

Brueckner, Jan K.; Kahn, Matthew E.; Nickelsburg, Jerry - National Bureau of Economic Research - 2024

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

Combinatorial Discrete Choice : A Quantitative Model of Multinational Location Decisions

Arkolakis, Costas; Eckert, Fabian; Shi, Rowan - National Bureau of Economic Research - 2023

We introduce a general quantifiable framework to study the location decisions of multinational firms. In the model, firms choose in which locations to pay the fixed costs of setting up production, taking into account potential complementarities among production locations. The firm's location...

Persistent link: https://www.econbiz.de/10014437008

Global Supply Chains : The Looming "Great Reallocation"

Alfaro, Laura; Chor, Davin - National Bureau of Economic Research - 2023

Global supply chains have come under unprecedented stress as a result of US-China trade tensions, the Covid-19 pandemic, and geopolitical shocks. We document shifts in the pattern of US participation in global value chains over the last four decades, in terms of partner countries, products, and...

Persistent link: https://www.econbiz.de/10014372418

A Theory of Trade Policy Transitions

Bowen, T. Renee; Broz, J. Lawrence; Rosendorff, B. Peter - National Bureau of Economic Research - 2023

Trade policy is set by domestic political bargaining between globalists and protectionists, representing owners of factors specific to export and import-competing sectors respectively. Consistent with the post-Civil War Era of Restriction, protectionists implement high tariffs when status quo...

Persistent link: https://www.econbiz.de/10014372419

Internationalization and the evolution of corporate valuation

Levine, Ross - 2005

evidence on the bonding, segmentation, and market timing theories of internationalization. Using new data on 9,096 firms across … 74 countries over the period 1989-2000, we find that Tobin's "q" does not rise after internationalization, even relative … to firms that do not internationalize. Instead, "q" rises significantly one year before internationalization and during …

Persistent link: https://www.econbiz.de/10010522397

Does Globalization of the Scientific/Engineering Workforce Threaten U.S. Economic Leadership?

Freeman, Richard B. - 2005

(1) The U.S. share of the world's science and engineering graduates is declining rapidly as European and Asian universities, particularly from China, have increased S&E degrees while US degree production has stagnated

Persistent link: https://www.econbiz.de/10012467223

Globalization and Complementary Policies : Poverty Impacts in Rural Zambia

Balat, Jorge F. - 2005

In this paper, we have two main objectives: to investigate the links between globalization and poverty observed in Zambia during the 1990s, and to explore the poverty impacts of non-traditional export growth. We look at consumption and income effects separately. On the consumption side, we study...

Persistent link: https://www.econbiz.de/10012467510

The Globalization of Trade and Democracy, 1870-2000

Lopez-Cordova, J. Ernesto - 2005

We study whether international trade fosters democracy. The likely endogeneity between democracy and trade is addressed via the gravity model of trade, allowing us to obtain a measure of natural openness. This serves as our instrumental variable for actual trade openness à la Frankel and Romer...

Persistent link: https://www.econbiz.de/10012467568