Replication data for: Tracing the Woes: An Empirical Analysis of the Airline Industry

Principal Investigator(s):  View help for Principal Investigator(s) Steven Berry; Panle Jia

Version:  View help for Version V1

Name File Type Size Last Modified
  Data 10/26/2021 08:50:AM
LICENSE.txt text/plain 14.6 KB 10/12/2019 07:14:PM

Project Citation: 

Berry, Steven, and Jia, Panle. Replication data for: Tracing the Woes: An Empirical Analysis of the Airline Industry. Nashville, TN: American Economic Association [publisher], 2010. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E114375V1

Project Description

Summary:  View help for Summary The US airline industry went through tremendous turmoil in the early 2000s, with four major bankruptcies, two major mergers, and various changes in network structure. This paper presents a structural model of the industry, and estimates the impact of demand and supply changes on profitability. Compared with 1999, we find that, in 2006, air-travel demand was 8 percent more price sensitive, passengers displayed a stronger preference for nonstop flights, and changes in marginal cost significantly favored nonstop flights. Together with the expansion of low-cost carriers, they explain more than 80 percent of legacy carriers' variable profit reduction. (JEL L13, L25, L93)

Scope of Project

JEL Classification:  View help for JEL Classification
      L13 Oligopoly and Other Imperfect Markets
      L25 Firm Performance: Size, Diversification, and Scope
      L93 Air Transportation
Geographic Coverage:  View help for Geographic Coverage United States
Time Period(s):  View help for Time Period(s) 1999 – 2006
Universe:  View help for Universe All domestic flights in the U.S.
Data Type(s):  View help for Data Type(s) observational data

Methodology

Data Source:  View help for Data Source Multiple
Unit(s) of Observation:  View help for Unit(s) of Observation Multiple,

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V1 [2019-10-12]

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