Cyclical dynamics of airline industry earnings
Aggregate airline industry earnings have exhibited large-amplitude cyclical behavior since deregulation in 1978. To explore the causes of these cycles we develop a behavioral dynamic model of the airline industry with endogenous capacity expansion, demand, pricing, and other feedbacks; and model sev...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
Wiley Blackwell,
2014-06-30T14:08:54Z.
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| Subjects: | |
| Online Access: | Get fulltext |