The so-called buffer time or buffer delay allows airlines to control for excessive delays by introducing extra time in … airlines are free to fix their buffer times strategically - and a situation where a social planner would control for time …

The so-called buffer time or buffer delay allows airlines to control for excessive delays by introducing extra time in … airlines are free to fix their buffer times strategically - and a situation where a social planner would control for time …

. The assumption that airlines compete on price allows us to take advantage of the observational equivalence between …

. The assumption that airlines compete on price allows us to take advantage of the observational equivalence between …