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EnglishThe paper analyses the reorganisation that European carriers have implemented after September 11 in the transatlantic flights. We model carriers’ conduct as a mixture of short- and long-term goals, where the weights depend on firm-specific variables (adjustment costs, financial situation) and subjective expectations on the crisis duration. Data provide some support to our conjectures that high adjustment costs induce low flexibility and a focus on the long-term; and that a bad financial situation shifts the carries attention to short-term. Finally, the analysis of the composition of short- and long-term reaction provides some insights into the carriers’ perspectives of the crisis duration.
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| Titolo: | European airlines conduct after September 11 |
| Data di pubblicazione: | 2004 |
| Autori: | |
| Autori: | Alderighi, Marco; A., Cento |
| Rivista: | JOURNAL OF AIR TRANSPORT MANAGEMENT |
| Abstract: | The paper analyses the reorganisation that European carriers have implemented after September 11 in the transatlantic flights. We model carriers’ conduct as a mixture of short- and long-term goals, where the weights depend on firm-specific variables (adjustment costs, financial situation) and subjective expectations on the crisis duration. Data provide some support to our conjectures that high adjustment costs induce low flexibility and a focus on the long-term; and that a bad financial situation shifts the carries attention to short-term. Finally, the analysis of the composition of short- and long-term reaction provides some insights into the carriers’ perspectives of the crisis duration. |
| Codice identificativo Scopus: | 2-s2.0-1142268978 |
| Codice identificativo ISI: | WOS:000188599300001 |
| Appare nelle tipologie: | 01 - Article in academic journal / Articolo su rivista Scientifica |
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http://hdl.handle.net/11565/920991
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