Do Prices Grow More in Euroland? Evidence from the Airline Industry
نویسندگان
چکیده
منابع مشابه
Financial Flexibility and Product Prices: Evidence from a Natural Experiment in the Airline Industry
This paper studies the effects of corporate cash holdings on firm pricing strategy. Focusing on the airline industry to identify markets and rivalry, and utilizing the Aviation Investment and Reform Act of the 21 Century (AIR-21) as a quasi-natural experiment to identify exogenous increases in market-level competition, I test the effect of ex-ante relative-to-rival cash holdings on ex-post chan...
متن کاملRamadan fasting: Do we need more evidence?
Over a billion of Muslims fast worldwide during Ramadan each year. Through this religious custom, fasting contributes to their health as well as their spiritual growth. However, available evidence regarding the health-benefits of Ramadan fasting is scarce and highly contentious. Although Islam exempts patients from fasting, many fast conceivably, and their clinical condition is prone to deterio...
متن کاملBankruptcy and Product-Market Competition: Evidence from the Airline Industry∗
Classical models of product market competition maintain that firms maximize their profits regardless of their financial condition. Yet over the last two decades a growing theoretical literature has examined whether a firm’s capital structure impacts competition in the market for the firm’s products. In this paper we ask whether a firm operating under bankruptcy protection significantly reshapes...
متن کاملMergers When Prices Are Negotiated: Evidence from the Hospital Industry
We estimate a bargaining model of competition between hospitals and managed care organizations (MCOs) and use the estimates to evaluate the effects of hospital mergers. We find that MCO bargaining restrains hospital prices significantly. The model demonstrates the potential impact of coinsurance rates, which allow MCOs to partly steer patients towards cheaper hospitals. We show that increasing ...
متن کاملNew Product Development in the Pharmaceutical Industry: Evidence from Iran
In today’s competitive world, there are several strategies to deal with the fast changing environment, among which New product development (NPD) is a common strategy. However, almost half of the resources that companies devote to NPD are spent on products that may fail. This issue is particularly highlighted in the pharmaceutical industry mainly because of a long development-time, low success r...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2006
ISSN: 1556-5068
DOI: 10.2139/ssrn.905534