Posts Tagged ‘airlines’

  • Because of price controls, Venezuela has perverse incentives that create shortages, inflation and underutilized resources.

    Venezuela’s Biggest Economic Problem

    Oct 7, 14 • 244 Views • No Comments

    The perverse incentives created by Venezuelan price controls result in shortages, underutilized resources, wasted time, soaring inflation and hoarding....  [read more]

  • Changing Air Travel Routes

    Oct 18, 12 • 346 Views • No Comments

    The marketplace affects where we can and cannot fly. If you need to travel between Lima, Peru and Atlanta, you can thank asparagus lovers. More than passenger traffic, Delta values the route because of its asparagus cargo. (While China is by far the...  [read more]

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    Plane Colors

    Dec 25, 11 • 247 Views • No Comments

    If you are flying during the holidays, do take a look at the color of your plane. Is it rather bland? The reason is deregulation. After 1978, when government stopped approving fares, guaranteeing profits, and allocating routes, the world of flying changed....  [read more]

  • Dynamic Pricing for Tickets Displays the Power of Prices

    Broadway and Airlines

    Nov 26, 11 • 313 Views • No Comments

    Have you ever hesitated to book an airline reservation and, within moments, the price changed? Or, could you have known that delaying your purchase of a ticket to God of Carnage in LA last summer would have saved you almost $70? The reason is “dynamic...  [read more]

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    Surprising Biofuels

    Nov 10, 11 • 247 Views • No Comments

    McDonald’s used fryer grease? Alaska Air might want it. On 75 commercial flights, they will partially fill their tanks with biofuels that contain used cooking oil. Selecting algae for its biofuel blend, United flew from Houston to Chicago on its...  [read more]