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Three Essays on Airline Pricing and Entrepreneurial Ventures.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	Three Essays on Airline Pricing and Entrepreneurial Ventures./
Author:	Wang, Pinshuo.
Description:	1 online resource (74 pages)
Notes:	Source: Dissertation Abstracts International, Volume: 79-08(E), Section: A.
Subject:	Economics. -
Online resource:	click for full text (PQDT)
ISBN:	9780355797329

Three Essays on Airline Pricing and Entrepreneurial Ventures.
Wang, Pinshuo.

Three Essays on Airline Pricing and Entrepreneurial Ventures. - 1 online resource (74 pages)

Source: Dissertation Abstracts International, Volume: 79-08(E), Section: A.

Thesis (Ph.D.)--Northeastern University, 2018.

Includes bibliographical references

This dissertation consists of three chapters in applied microeconomics. Airline prices vary over time because of demand shocks, which could be for the flight or for substitute flights, and because of intertemporal price discrimination. In the first chapter, using flight level data collected by purchase day from an online travel agency, I find flights departing on the same day or within nearby departure dates are highly substitutable. I also find that passengers who purchase closer to the departure day or on weekdays are less price sensitive and value substitutes less. In the counterfactual analysis, I show that airlines benefit from substitution.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2018

Mode of access: World Wide Web

ISBN: 9780355797329Subjects--Topical Terms:

555568
Economics.
Index Terms--Genre/Form:

554714
Electronic books.

Three Essays on Airline Pricing and Entrepreneurial Ventures.
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245 1 0 $a Three Essays on Airline Pricing and Entrepreneurial Ventures.
264 0 $c 2018
300 $a 1 online resource (74 pages)
336 $a text $b txt $2 rdacontent
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500 $a Source: Dissertation Abstracts International, Volume: 79-08(E), Section: A.
500 $a Adviser: James Dana.
502 $a Thesis (Ph.D.)--Northeastern University, 2018.
504 $a Includes bibliographical references
520 $a This dissertation consists of three chapters in applied microeconomics. Airline prices vary over time because of demand shocks, which could be for the flight or for substitute flights, and because of intertemporal price discrimination. In the first chapter, using flight level data collected by purchase day from an online travel agency, I find flights departing on the same day or within nearby departure dates are highly substitutable. I also find that passengers who purchase closer to the departure day or on weekdays are less price sensitive and value substitutes less. In the counterfactual analysis, I show that airlines benefit from substitution.
520 $a Bundling practice of ancillary service plays a crucial role in determining product price. The second chapter examines the impact of airlines' unbundling of checked bag service on price. I find that a carrier's unbundling decreases its fare but increases rival's fare. Specifically, when a carrier unbundles, its fare drops immediately and is followed by a series of small drops in the following periods, while its rival's fare increases immediately but the hike disappears over time. I also extend a simple Hotelling model, which shows that unbundling deters passengers from checking bags, and diverts bag checking passengers to its bundled rivals, which in turn increases rival's cost, and thus increases rival's fare. The model also predicts that unbundling decreases one's own fare.
520 $a Does having student loans negatively impact recent graduates' likelihood of creating high-impact entrepreneurial ventures? The third chapter answers this question by utilizing "no-loans" financial aid policies by universities as a natural experiment. We empirically examine whether graduates of universities that replace loans with grants in financial aid packages are more likely to become entrepreneurs and are eventually successful in raising venture capital (VC) financing. In particular, we test whether such a policy impacts cohorts that are already enrolled in college prior to the implementation of such policies (to eliminate potentially confounding effects through enrollment choice). We find that graduates from universities that establish no-loans financial aid policies are more likely to start entrepreneurial ventures and these ventures are more likely to get subsequent VC backing and more VC dollars. Further, ventures started by graduates of universities that establish no-loans financial aid policies are backed by high reputation venture capitalists, which is indicative of a higher likelihood of subsequent success. Moreover, such ventures have larger levels of sales and employment five years after founding. Our results are stronger for high-tuition universities, universities that have a greater extent of R&D activity, and that grant a greater number of doctoral degrees. Overall, our results document a significant adverse effect of student loans on a crucial engine of economic growth---high impact, venture capital backed startups---highlighting a major policy-relevant concern related to student loans.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2018
538 $a Mode of access: World Wide Web
650 4 $a Economics. $3 555568
650 4 $a Finance. $3 559073
650 4 $a Transportation. $3 558117
650 4 $a Entrepreneurship. $3 559908
655 7 $a Electronic books. $2 local $3 554714
690 $a 0501
690 $a 0508
690 $a 0709
690 $a 0429
710 2 $a ProQuest Information and Learning Co. $3 1178819
710 2 $a Northeastern University. $b Economics. $3 1188921
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10750796 $z click for full text (PQDT)