The Economics of Airline Institutions, Operations and by Darin Lee

By Darin Lee

This is often the second one in a brand new sequence of books at the economics of the airline undefined. The sequence is constituted of a suite of unique, state of the art, examine papers from a global panel of exotic individuals. quantity 2 specializes in issues regarding the economics of airline associations (i.e., airports, air site visitors regulate, labor), operations and advertising. It presents an updated number of articles overlaying contemporary advancements within the airline undefined. it's written through a global panel of special members.

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36 BARRY T. HIRSCH All those with imputed earnings are excluded from the analysis. It is important that they be excluded in order to avoid severe attenuation toward zero in wage gap estimates with respect to the airline industry and union status. Neither industry nor union status is a match criterion used to assign a donor’s earnings to a nonrespondent. Hence, air transport industry nonresponents will typically be assigned the earnings of nonairline donors. Union nonrespondents will typically be assigned the earnings of nonunion donors.

2005. European airline mergers, alliance consolidation, and consumer welfare, Journal of Air Transport Management, 11, 27–41. , 1984. Economies of density versus economies of scale: Why trunk and local service costs differ, Rand Journal of Economics 15, 471–489. Commission of the European Communities, 1996. 1996 COM (96) 514, final, Brussels. , 1995. Congestion pricing and capacity at large airports: A bottleneck model with stochastic queues, Econometrica 63, 327–370. , 1985. Flying Off Course: The Economics of International Airlines, George Allen & Unwin, London.

In 2005 than at any time since at least 1990. All else the same, similar cost structures across airlines should be associated with more stable prices and financial outcomes. 3 WAGE DIFFERENTIALS IN THE AIR TRANSPORTATION INDUSTRY: MEASUREMENT AND DATA Are unionized airline workers paid wages above long-run opportunity cost? If so, how large are these premiums? Do wage premiums vary across airline crafts? And do nonunion as well as union airline workers receive premiums? These seemingly straight­ forward questions are not easy to answer, at least not in a precise manner.

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