This paper uses a model of consumer demand for individual flights to measure the welfare effects of airport capacity expansion. I estimate consumer preferences for the characteristics of different flights, including departure time and travel time. This is made possible by combining existing route-level price data with newly collected data on website ticket prices of individual flights. Using this model, I evaluate the welfare effects of the airline schedule changes that result after an airport expansion. I find that the 1996 addition of a new runway at Dallas-Ft. Worth resulted in large welfare increases to consumers, with the majority of these benefits accruing to passengers in markets with an itinerary that connected through DFW.
|School Location:||United States -- California|
|Source:||DAI-A 70/03, Dissertation Abstracts International|
|Subjects:||Economics, Economics, Transportation planning|
|Keywords:||Air travel demand, Airline, Airline scheduling, Airport, Airport capacity expansion, Capacity expansion, Consumer welfare, Flight frequency, Scheduling, Transportation infrastucture|
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