1,720,999 research outputs found

    A note on reverse auctions

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    Reverse auctions are a new type of auction which has recently spread over the internet to sell a large variety of goods, from electronics to airline tickets. The objective of this note is to illustrate how a reverse auction works, compare it to the other existing auctions and discuss the legal issues that may arise

    csvconvert: A simple command to gather comma-separated value files into Stata

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    This command meets the need of a researcher who holds multiple data files in comma-separated value format differing by a period variable (for example, year or quarter) or by a cross-sectional variable (for example, country or firm) and must combine them into one Stata-format file

    Regulation and Risk: a cross-country survey of regulated companies

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    This paper tests empirically whether regulation characterized by high incentives implies more risk to firms than regulation characterized by low incentives. Using a worldwide panel of 170 regulated companies operating in electricity, gas, water, telecommunication and transportation sectors during the period 1995–2004, I find that different regulatory regimes do not result in different levels of risk to their regulated firms. This result could be driven by a higher level of development of financial markets combined with a sophisticated diversifying behaviour of regulated firms

    Low-costcarrier competition and airline service quality in Europe

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    We investigate in our study, if a higher presence and more efficient operations of Low-Cost Carriers (LCCs) can reduce the service quality of all the flights arriving at an airport. We sample 102 European airports located in 76 metropolitan areas of diverse size from 19 countries on a daily and flight-by-flight basis during the period from April 2011 to December 2012. We construct a panel dataset at the flight code level comprising about 3.5 million observations. We find that LCCs contribute to a reduction of delays for all airlines and flights landing at the observed airport. From the customers’ point of view and regarding level of service we conclude that the presence of LCCs represents a positive externality for an airport. Airport management may therefore consider the proactive increase of LCCs market share in their long-term business strategies

    The effects of global alliances on international flight frequencies: some evidence from Italy

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    We collect half-yearly data on nonstop flight frequencies offered by carriers on routes originating from Italian regions to European countries in the period 1998–2010. We find that, as the share of flights belonging to global alliances increases, the number of flights offered by airlines simultaneously expands, especially in the case of full-service carriers. Moreover, there is also evidence that the number of global alliances has a positive impact on flight supply
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