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Articles 1 - 4 of 4
Full-Text Articles in Industrial Organization
Box Office Showdown: How Does Movie Market Saturation Affect First Weekend Box Office Revenues?, Matthew Steele
Box Office Showdown: How Does Movie Market Saturation Affect First Weekend Box Office Revenues?, Matthew Steele
Economics Honors Projects
The scheduling of release dates for feature films is among the most important decisions that movie studios make in the life cycle of a movie. While the economic literature on the movie industry has largely focused on modeling the box office success of a movie based on its own characteristics—star power, critical reception, and trailer data—there is a dearth of literature concerning the way that competition from within the industry affects box office revenues. This article primarily uses a propensity score matching model to fill a gap in the literature, establishing causal relationships between different forms of competition and first …
An Econometric Analysis On Pricing And Market Structure In The U.S. Airline Industry, Jiajun Liang
An Econometric Analysis On Pricing And Market Structure In The U.S. Airline Industry, Jiajun Liang
The Macalester Review
This paper examines the relationship between market power and airfares in the U.S. aviation industry. I performed Hausman-Taylor and random effects estimation techniques on quarterly data of the top one thousand most heavily traveled city pairs from 2009 to 2012. Overall, the regression results may be interpreted in such way that while higher concentration at a route level increases ticket prices, it nonetheless reduces average airfare at the airport level. For policy implications, it may suggest that higher market concentration has at least some merits to the consumers, most likely caused by the cost saving due to economic use of …
What Are The Effects Of Mergers In The U.S. Airline Industry? An Econometric Analysis On Delta-Northwest Merger, Jiajun Liang
What Are The Effects Of Mergers In The U.S. Airline Industry? An Econometric Analysis On Delta-Northwest Merger, Jiajun Liang
The Macalester Review
The Delta-Northwest Merger in 2008 has significantly reshaped the airline market structure and raised public concerns regarding market dominance. In this study, I will employ OLS techniques to examine the effects of merger on airfares, using more than 1,000 observations from 2008 and 2009 airline markets. Results show the belief that unbalanced market share will lead to heightened airfares misleading and unreliable. There is no significant evidence suggesting positive or negative correlations between airport dominance and airfares.
Are Credit Unions In Ecuador Achieving Economies Of Scale?, Nick A. Marchio
Are Credit Unions In Ecuador Achieving Economies Of Scale?, Nick A. Marchio
Economics Honors Projects
This study tests the assertion that membership growth in credit unions is constrained by their unique structural features, such as their non-profit mission and member-based ownership. Although these features enhance inclusiveness, existing theory suggest that they work against efficiency when membership grows too diffuse. To address this issue, this study uses a model that takes into account existing theory on constrained-optimization in credit unions and theory on the adverse effects of diffuse ownership. Using data on 36 public credit unions in Ecuador, the empirical analysis finds evidence that credit unions can achieve economies of scale despite their problematic structural features. …