Crémieux, Pierre-Yves - Département des Sciences Économiques, École des … - 1993
In 1958, US airline industry regulators allowed the formation of a strike insurance agreement among airline companies … nature of the decision to join the strike insurance pact. The model leads to a logit estimation of each airline's probability … despite the relatively high rents, strong unions, and heavy reliance on strikes as a bargaining tool in the airline industry …