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This paper analyzes the relative economic power position of home carriers in hub-and-spoke systems. Hub-and-spoke systems may lower costs on densely traveled routes and enable economically viable operations on less densely traveled routes. The reverse side is probably that carriers enjoy...
Persistent link: https://www.econbiz.de/10005144462
This paper analyzes the relative economic power position of home carriers in hub-and-spoke systems. Hub-and-spoke systems may lower costs on densely traveled routes and enable economically viable operations on less densely traveled routes. The reverse side is probably that carriers enjoy...
Persistent link: https://www.econbiz.de/10011257495
model of airport pricing that captures a number of these features. The model in particular reflects (1) that airlines … growing congestion levels currently experienced at many airports. Several characteristics of aviation markets, however, may … (3) that different airports in an international network will typically not be regulated by the same authority. We present …
Persistent link: https://www.econbiz.de/10011255935
congestion levels currently experienced at many airports. Several characteristics of aviation markets, however, may make naive … congestion prices equal to the value of marginal travel delays a non-optimal response. This paper develops a model of airport … pricing that captures a number of these features. The model in particular reflects (1) that airlines typically have market …
Persistent link: https://www.econbiz.de/10005137232
We estimate a conditional logit model to measure the impact of airport and airline supply characteristics on the air … frequency, the availability of particular airport-airline combinations, and early arrival times are found to strongly affect … travel choices of passengers departing from one of three San Francisco Bay area airports and arriving at one of four airports …
Persistent link: https://www.econbiz.de/10004970922
We use a simple analytical framework to derive pricing rules for oligpolistic airlines at airports that are served by … competitive airlines as well. The pricing rules show how the degree of internalization of marginal congestion costs depends on …
Persistent link: https://www.econbiz.de/10004970925
, which has received increasing attention in the literature. First, we use exogenous variation in airport noise provided by a … series of effective and announced closures and extensions of airports to identify adjustments in the property market. Second …, we integrate the results of the property market analysis into a spatial analysis of a direct referendum on an airport …
Persistent link: https://www.econbiz.de/10009220239
We use a public referendum on a new air traffic concept in Berlin, Germany as a natural experiment to analyze how the interaction of tenure and capitalization effects shapes the outcome of direct democracy processes. We distinguish between homevoters, i.e., voters who are homeowners, and...
Persistent link: https://www.econbiz.de/10010671574
disamenities of airports) for individuals. In contrast to previous work, I analyze voting results on restricting airport operations …Airport noise is costly. Airport location is typically associated with lower property prices. Airport expansion often … sparks protests by local residents. In this paper, I provide new evidence on the costs of airport-related noise (and other …
Persistent link: https://www.econbiz.de/10005029263
We use a public referendum on a new air traffic concept in Berlin, Germany as a natural experiment to analyze how the interaction of tenure and capitalization effects shapes the outcome of direct democracy processes. We distinguish between homevoters, i.e., voters who are homeowners, and...
Persistent link: https://www.econbiz.de/10010699012