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Based on a non-parametric, structural equation modelling framework, this paper compares a set of highly congested US and European airports in order to assess the impact of approaches on overall social welfare, considering airline and airport surplus and passenger welfare. This paper discusses...
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Theoretical and empirical work on innovation and firm survival has produced varied and often conflicting findings. In … this paper, we draw on Schumpeterian models of competition and innovation and stochastic models of firm dynamics to … demonstrate that the conflicting findings may be due to linear specifications of the innovation-survival relationship. We …
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