This paper estimates profit margins in the U.S. airline industry at the domestic route level. The dynamic estimation … methodology used not only is robust to any simultaneity/endogeneity bias by construction but also results in profit margin … estimates that are highly consistent with actual profit data from the U.S. airline industry. Estimated annual profit margins …

A large body of evidence links financial development to economic growth, yet the channels through which inflation … to analyzing these channels, and find that higher levels of financial development, combined with low inflation, are … its explanatory power in the presence of high inflation. In particular, small increases in the price level seem able to …