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on Transport Economics |
By: | Alfried BRAUMANN; Christoph SCHMID |
URL: | http://d.repec.org/n?u=RePEc:ekd:002841:284100010&r=tre |
By: | Yanhao Wei (Department of Economics, University of Pennsylvania) |
Abstract: | As demand increases, airline carriers often increase flight frequencies to meet the larger flow of passengers in their networks, which reduces passengers' schedule delays and attracts more demand. Motivated by this, I study a structural model of the U.S. airline industry accounting for possible network effects of demand compared with previous studies, the model implies higher cost estimates, which seem more consistent with the unprofitability of the industry; below-marginal-cost pricing becomes possible and appears on many routes. I also study airline mergers and find that the network effects can be the main factor underlying their profitability. |
Keywords: | Airlines, Network Effects, Flight Frequency, Merger, Networks |
JEL: | L13 L93 D62 C31 |
Date: | 2014–09–21 |
URL: | http://d.repec.org/n?u=RePEc:pen:papers:14-027&r=tre |
By: | Graziano Abrate; Massimiliano Piacenza; Davide Vannoni |
URL: | http://d.repec.org/n?u=RePEc:ekd:000240:24000000&r=tre |
By: | Ismira ANINDIA; Robert J. VERHAEGHE; Barry ZONDAG |
URL: | http://d.repec.org/n?u=RePEc:ekd:002841:284100001&r=tre |
By: | Santiago Herrera; Gaobo Pang |
URL: | http://d.repec.org/n?u=RePEc:ekd:002721:272100039&r=tre |
By: | Cristela Dakila; Shoshi Mizokami |
URL: | http://d.repec.org/n?u=RePEc:ekd:002721:272100015&r=tre |
By: | Luca Rigamonti; Pirani Alberto; Anna Gaviglio; Rigamonti Luca; Martina Licitra Pedol |
URL: | http://d.repec.org/n?u=RePEc:ekd:000240:24000053&r=tre |
By: | Michael KRAIL; Wolfgang SCHADE |
URL: | http://d.repec.org/n?u=RePEc:ekd:003306:330600083&r=tre |
By: | Katerina PAPAGIANNAKI; Danae DIAKOULAKI |
URL: | http://d.repec.org/n?u=RePEc:ekd:000238:23800102&r=tre |
By: | António Menezes; José Vieira |
URL: | http://d.repec.org/n?u=RePEc:ekd:002721:272100063&r=tre |
By: | Luca Antonelli (Banca d'Italia); Lorenzo Bencivelli (Banca d'Italia); Annalisa Bucalossi (Banca d'Italia); Luigi Concistrè (Banca d'Italia); Raffaele De Marchi (Banca d'Italia); Giorgio Merlonghi (Banca d'Italia); Valeria Rolli (Banca d'Italia); Giorgio Trebeschi (Banca d'Italia) |
Abstract: | This paper surveys the current conditions and prospects for the infrastructure sector in seven large emerging countries - Brazil, China, India, Indonesia, Mexico, Russia and Turkey - assessing the adequacy of their current infrastructural endowment and illustrating the latest government investment plans. It also discusses the extent of private sector involvement and the main obstacles to the realization of the planned investments, including those related to the limited availability and high costs of financing. The seven countries cited in the research, which all have large domestic markets (either effective or potential) coupled with substantial requirements for new investment in public infrastructure, are of undoubted strategic importance for Italian firms operating in the infrastructure sector and planning international expansion. |
Keywords: | economic development, infrastructure investments |
JEL: | O12 O16 |
Date: | 2014–09 |
URL: | http://d.repec.org/n?u=RePEc:bdi:opques:qef_224_14&r=tre |
By: | Tobias KRONENBERG |
URL: | http://d.repec.org/n?u=RePEc:ekd:000238:23800070&r=tre |