𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Dynamics and equilibrium in a structural model of wide-body commercial aircraft markets

✍ Scribed by Loren K. Smith

Publisher
John Wiley and Sons
Year
2010
Tongue
English
Weight
277 KB
Volume
27
Category
Article
ISSN
0883-7252

No coin nor oath required. For personal study only.

✦ Synopsis

This paper develops and estimates a dynamic equilibrium model of the market for new and used commercial aircraft. The model is estimated by maximum simulated likelihood using data on wide-body aircraft owners and prices for transactions occurring 1978-1997. The importance of explicitly modeling dynamics and equilibrium in new and used markets for durable goods is illustrated in two counterfactual experiments. Estimates of the structural model are used to show that implementing an investment tax credit not only increases demand for new wide-body aircraft by the airlines that receive the tax credit, but also increases the number of new wide-body aircraft owned by airlines not directly affected by the policy. Further, the model indicates that a policy which improves the efficiency of secondary markets for used wide-body aircraft will also stimulate demand for new wide-body aircraft.

πŸ“œ SIMILAR VOLUMES

Model of wealth and goods dynamics in a
Model of wealth and goods dynamics in a closed market
✍ Marcel Ausloos; Andrzej PeΒΈkalski πŸ“‚ Article πŸ“… 2007 πŸ› Elsevier Science 🌐 English βš– 420 KB

A simple computer simulation model of a closed market on a fixed network with free flow of goods and money is introduced. The model contains only two variables: the amount of goods and money beside the size of the system. An initially flat distribution of both variables is presupposed. We show that

PFG-NMR diffusometry: A tool for investi
PFG-NMR diffusometry: A tool for investigating the structure and dynamics of noncommercial purified pig gastric mucin in a wide range of concentrations
✍ G. Lafitte; O. SΓΆderman; K. Thuresson; J. Davies πŸ“‚ Article πŸ“… 2007 πŸ› Wiley (John Wiley & Sons) 🌐 English βš– 250 KB

## Abstract For the first time, Pulsed Field Gradient‐Nuclear Magnetic Resonance, a powerful noninvasive tool for studying the dynamics and structure of complex gels, has been used to measure diffusion of probe molecules in aqueous solutions/gels of noncommercial purified pig gastric mucin (PGM), i

[Advances in Chemical Physics] Advances
[Advances in Chemical Physics] Advances in Chemical Physics (Proteins: A Theoretical Perspective of Dynamics, Structure, and Thermodynamics) || Rigid-Body Motions
✍ Brooks, Charles L.; Karplus, Martin; Pettitt, B. Montgomery πŸ“‚ Article πŸ“… 2007 πŸ› John Wiley & Sons, Inc. 🌐 English βš– 970 KB

In this chapter we focus on the internal motions of proteins that can be described approximately as displacements of groups of atoms whose relative positions are kept fixed. These include structural changes and fluctuations involving helices, domains, and subunits (see Table I). We present examples

Development of body image, eating distur
Development of body image, eating disturbance, and general psychological functioning in adolescent females: a replication using covariance structure modeling in an Australian sample
✍ van den Berg, Patricia ;Wertheim, Eleanor H. ;Thompson, J. Kevin ;Paxton, Susan πŸ“‚ Article πŸ“… 2002 πŸ› Wiley (John Wiley & Sons) 🌐 English βš– 74 KB πŸ‘ 1 views

## Abstract ## Objective The current study is a follow up to a covariance structure modeling (CSM) investigation of predictors of body image, eating dysfunction, and general psychological functioning in U.S. adolescent females. ## Method Four hundred and seventy Australian girls (13–17 years old