Explanations of the overall level of IPO activity have focussed either on the demand side or on the supply side of financing. Demand-side explanations generally posit some correlation between overall business conditions and IPO activity. Supply side explanations focus on the liquidity flowing...

The purpose of this paper is to explain the choice of network structure of a monopoly airline as well as flight frequency and aircraft capacity allocations across the network. The influence of travel time, flight frequencies, and service qualities are considered in relation to passenger...

This paper examines the causes for over-investment in the airline industry. Based on a data set covering all publicly listed airlines, we first provide evidence that returns on capital have structurally declined over the last 30 years and that airlines in all regions of the world fail to cover...