Behind this structural boom: the role of asset valuations

Article Abstract:

Shifts in the natural rate are influenced by the types of assets invested by enterprises. These assets support cyclical fluctuations. Share prices also affect employment rates and are a good proxy for the valuations of the underlying assets. These include functional employees, loyal customers and tangible capital. Moreover, there is a correlation between asset-price increases and near-future employment gains. This stems from the anticipation of near-future rises in the labor-demand function or declines in the wage curve associated with changes in state variables and parameters.

Economics, Research and Development in the Social Sciences and Humanities, Open-End Investment Funds, Investment Funds & Trusts, HOLDING AND OTHER INVESTMENT OFFICES, Analysis, Employment, Investments, United States economic conditions, Valuation

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Advance-purchase discounts and monopoly allocation of capacity

Article Abstract:

A model of the use of optimal pricing by a monopoly airline is presented. The airline must deal with constraints on capacity during the period of peak demand, which means that the airline must create demand in the off-peak period instead of the peak period before it can expand output. The model shows that the airline can maximize its profits from ticket sales by implementing a policy that requires customers to purchase tickets in advance to receive a discount.

Airlines, Discounts (Sales)

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Auctions with endogenous valuations: the persistence of monopoly revisited

Article Abstract:

The sequential availability of many units of capacity results in the breakdown of the common theories about monopolies. The theories are not as valid because the cost of the deterrence of entry at later phases is affected by the deterrence of entry at earlier phases. A model of a monopoly is developed in which there are several potential market entrants and a few small competitors. The model illustrates the dissipation of monopoly power.

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