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
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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:
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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:
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L13 Oligopoly and Other Imperfect Markets
L25 Firm Performance: Size, Diversification, and Scope
L93 Air Transportation
L13 Oligopoly and Other Imperfect Markets
L25 Firm Performance: Size, Diversification, and Scope
L93 Air Transportation
Geographic Coverage:
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United States
Time Period(s):
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1999 – 2006
Universe:
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All domestic flights in the U.S.
Data Type(s):
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observational data
Methodology
Data Source:
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Multiple
Unit(s) of Observation:
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Multiple,
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