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Do Airlines In Chapter 11 Harm Their Rivals Bankruptcy And Pricing Behavior In U S Airline Markets
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Book Synopsis Do airlines in chapter 11 harm their rivals? : bankruptcy and pricing behavior in U. S. airline markets by : Severin Borenstein
Download or read book Do airlines in chapter 11 harm their rivals? : bankruptcy and pricing behavior in U. S. airline markets written by Severin Borenstein and published by . This book was released on 1995 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: The behavior of firms in financial distress has attracted considerable academic and policy interest in recent years. The turmoil in the U.S. airline industry has triggered much of the public policy discussion, as some observers have argued that airlines in financial distress, particularly those operating under Chapter 11 bankruptcy protection, reduce prices to the point of harming themselves and their competitors. This study investigates the pricing strategies of bankrupt airlines and their rivals. The data suggest that an airline's prices typically decline somewhat before it files for bankruptcy protection and remain slightly depressed over the subsequent two or three quarters. We find no evidence that competitors of the bankrupt airline lower their prices, however, nor that they lose passengers to their bankrupt rival. These results indicate that bankrupt carriers do not harm the financial health of their competitors
Book Synopsis Do Airlines in Chapter 11 Harm Their Rivals?: Bankruptcy and Pricing Behavior in U. S. Airline Markets (Classic Reprint) by : Severin Borenstein
Download or read book Do Airlines in Chapter 11 Harm Their Rivals?: Bankruptcy and Pricing Behavior in U. S. Airline Markets (Classic Reprint) written by Severin Borenstein and published by Forgotten Books. This book was released on 2018-02-28 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Do Airlines in Chapter 11 Harm Their Rivals?: Bankruptcy and Pricing Behavior in U. S. Airline Markets To assure that the bankrupt carrier has been a significant competitor in a route, a route is included in the analysis if the bankrupt carrier has at least a 10% route share two quarters before the quarter in which it declares bankruptcy. We calculate price changes on the route whenever the bankrupt carrier has at least a 570 route share. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Book Synopsis Do Airlines in Chapter 11 Harm Their Rivals? by : Severin Borenstein
Download or read book Do Airlines in Chapter 11 Harm Their Rivals? written by Severin Borenstein and published by Nabu Press. This book was released on 2014-01 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a reproduction of a book published before 1923. This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as part of our continuing commitment to the preservation of printed works worldwide. We appreciate your understanding of the imperfections in the preservation process, and hope you enjoy this valuable book.
Book Synopsis Commercial Aviation by : JayEtta Z. Hecker
Download or read book Commercial Aviation written by JayEtta Z. Hecker and published by DIANE Publishing. This book was released on 2006-03 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 2001 the U.S. airline industry has lost over $30 billion. Delta, Northwest, United, & US Air. have filed for bankruptcy, the latter two terminating & transferring their pension plans to the Pension Benefit Guaranty Corp. (PBGC). The net claim on PBGC from these terminations was $9.7 billion; plan participants lost $5.3 billion in benefits. Many in the industry have maintained that airlines' use of bankruptcy protection as a means to continue operations is harmful to the industry. This debate has received even sharper focus with pension defaults. This report details: (1) the role of bankruptcy in the airline industry, (2) whether bankruptcies are harming the industry, & (3) the effect of airline pension underfunding on employees, airlines, & the PBGC. Illus.
Author :United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Aviation Publisher : ISBN 13 : Total Pages :264 pages Book Rating :4.0/5 ( download)
Book Synopsis Airline Pensions by : United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Aviation
Download or read book Airline Pensions written by United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Aviation and published by . This book was released on 2006 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis NBER Reporter by : National Bureau of Economic Research
Download or read book NBER Reporter written by National Bureau of Economic Research and published by . This book was released on 1997 with total page 522 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Public R & D Policies and Cost Behavior of the US Manufacturing Industries by : Theofanis P. Mamuneas
Download or read book Public R & D Policies and Cost Behavior of the US Manufacturing Industries written by Theofanis P. Mamuneas and published by . This book was released on 1995 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper estimates and evaluates the contributions of R & D tax incentives and publicly financed R & D investment policies in promoting growth of output and privately funded R & D investment in US manufacturing industries. Publicly financed R & D induces cost savings but crowds out privately-financed R & D investment while the incremental R & D tax credit and the immediate deductibility provision of R & D expenditures have a significant impact on privately financed R & D investment. The optimal mix of both instruments is an important element for sustaining a balanced growth in output and productivity in the manufacturing sector.
Book Synopsis Papers and Proceedings of the Annual Meeting by : American Economic Association
Download or read book Papers and Proceedings of the Annual Meeting written by American Economic Association and published by . This book was released on 1995 with total page 556 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Working Paper Series written by and published by . This book was released on 1995 with total page 628 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Generational Accounts, Aggregate Saving and Intergenerational Distribution by : Willem H. Buiter
Download or read book Generational Accounts, Aggregate Saving and Intergenerational Distribution written by Willem H. Buiter and published by . This book was released on 1995 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Are generational accounts informative about the effect of the budget on the intergenerational distribution of resources and (when augmented with generation-specific propensities to consume out of life-time resources) on aggregate consumption and saving? The paper makes three points. First, the usefulness of generational accounts lives or dies with the strict life-cycle model of household consumption. Voluntary intergenerational gifts or liquidity constraints may therefore adversely affect or even destroy their informativeness. Second, even when the life-cycle model holds, generational accounts only measure the effect of the budget on the lifetime consumption of private goods and services. They ignore the intergenerational (re- )distribution associated with the government's provision of public goods and services. Third, generational accounting ignores the effect of the budget on before-tax and before-transfer quantities and prices, including before-tax and -transfer distribution of life-time resources across generations and intertemporal relative prices. That is, it does not handle incidence or general equilibrium repercussions very well. Although useful, generational accounts should therefore carry the label 'handle with great care.'
Book Synopsis Labor Market Institutions and the Distribution of Wages, 1973-1992 by : John Enrico DiNardo
Download or read book Labor Market Institutions and the Distribution of Wages, 1973-1992 written by John Enrico DiNardo and published by . This book was released on 1995 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a semiparametric procedure to analyze the effects of institutional and labor market factors on recent changes in the U.S. distribution of wages. The effects of these factors are estimated by applying kernel density methods to appropriately 'reweighted' samples. The procedure provides a visually clear representation of where in the density of wages these various factors exert the greatest impact. Using data from the Current Population Survey, we find, as in previous research, that de-unionization and supply and demand shocks were important factors in explaining the rise in wage inequality from 1979 to 1988. We find also compelling visual and quantitative evidence that the decline in the real value of the minimum wage explains a substantial proportion of this increase in wage inequality, particularly for women. We conclude that labor market institutions are as important as supply and demand considerations in explaining changes in the U.S. distribution of wages from 1979 to 1988.
Book Synopsis Product Development and the Timing of Information Disclosure Under U.S. and Japanese Patent Systems by : Reiko Aoki
Download or read book Product Development and the Timing of Information Disclosure Under U.S. and Japanese Patent Systems written by Reiko Aoki and published by . This book was released on 1995 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the consequences of the differences in the timing of information disclosure between the U.S. and Japanese patent systems. Under the Japanese system it is possible for a firm to apply for a patent knowing the exact specifications of a rival's patent application. In contrast, in the U.S. the only way a firm learns about a rival's innovation is upon the actual granting of the rival's patent. We argue that this difference enables Japanese firms to coordinate their R&D efforts better than their U.S. counterparts and that this, in turn, leads to smaller quality improvements under the Japanese system. We show that the creation/diffusion tradeoff of patents can be influenced not only by the scope and length of patent protection but also by other features of the patenting process.
Download or read book The American Economic Review written by and published by . This book was released on 1995 with total page 1188 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Effects of School and Family Characteristics on the Return to Education by : Joseph G. Altonji
Download or read book The Effects of School and Family Characteristics on the Return to Education written by Joseph G. Altonji and published by . This book was released on 1995 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: We measure the effects of parental education on the education profile of wages. The analysis uses sibling pairs from the Panel Study of Income Dynamics and the National Longitudinal Surveys of Labor Market Experience of Young Men and Young Women. We also use the variance across siblings in school characteristics to estimate the effects of school inputs on wages holding family background constant. We obtained mixed evidence on whether parental education raises the return to education. We find that teacher's salary, expenditures per pupil, and a composite index of school quality measures have a substantial positive effect on the wages of high school graduates.
Book Synopsis Government Interventions and Productivity Growth in Korean Manufacturing Industries by : Jong-Wha Lee
Download or read book Government Interventions and Productivity Growth in Korean Manufacturing Industries written by Jong-Wha Lee and published by . This book was released on 1995 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the impact of government industrial policy and trade protection of the manufacturing sector in Korea. Empirical results are provided, using 4-period panel data for the years 1963-83, for 38 Korean industries in which trade protection reduced growth rates of labor productivity and total factor productivity, while industrial policies, such as tax incentives and subsidized credit, were not correlated with total factor productivity growth in the promoted sectors. The evidence, thus, implies that less government intervention in trade is linked to higher productivity growth.
Book Synopsis Supply-side Economics in a Global Economy by : Enrique G. Mendoza
Download or read book Supply-side Economics in a Global Economy written by Enrique G. Mendoza and published by . This book was released on 1995 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent quantitative studies predict large welfare gains from reducing tax distortions in a closed economy, despite costly transitional dynamics to more efficient tax systems. This paper examines transitional dynamics and gains of tax reforms for countries in a global economy, and provides numerical solutions for international tax competition games. Tax reforms in a global economy cause cross-country externalities through capital flows in response to consumption-smoothing and debt-servicing effects, with taxes on world payments affecting the distribution of welfare gains. Within the class of time-invariant tax rates, the gains of replacing income taxes with consumption taxes are large and, in the absence of taxes on foreign assets, the monopoly distortion separating cooperative and noncooperative equilibria is negligible. The analysis starts from a benchmark reflecting current G-7 fiscal policies, and considers the effects of tax reforms on real exchange rates and interest differentials. Tax-distorted equilibrium dynamics are computed using a modified version of the King-Plosser-Rebelo algorithm augmented with shooting routines.
Book Synopsis Free Trade Agreements Versus Customs Unions by : Anne O. Krueger
Download or read book Free Trade Agreements Versus Customs Unions written by Anne O. Krueger and published by . This book was released on 1995 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Until NAFTA, analyses of preferential trading arrangements began by assuming a customs union with a common external tariff, and the differences between customs unions and free trade agreements (FTAs) have been little analyzed. This paper points to some of the differences between FTAs and customs unions, and shows that on welfare grounds a customs union is always Pareto-superior to an FTA. Moreover, the political economy of FTAs will lead to more opposition to further multilateral trade liberalization than will customs unions.
