• Airline Horizontal Mergers and Productivity: Empirical Evidence from a Natural Experiment in China 

      Yan, Jia; Fu, Xiaowen; Oum, Tae Hoon; Wang, Kun
      Published 2017-05-01
      The identification of possible efficiency gains is a core issue in the analysis of mergers. However, empirical studies are generally subject to bias caused by merger endogeneity. In the early 2000s, the Chinese government ...
      Open Access
      Working Paper
    • Modeling airport capacity choice with real options 

      Xiao, Yibin; Fu, Xiaowen; Oum, Tae H.; Yan, Jia
      Published 2016-02-01
      This study analyzes optimal choice of the airport capacity to invest immediately (the prior capacity) and the size of real option to acquire for possible future expansion. Facing demand uncertainty, an airport first chooses ...
      Open Access
      Working Paper