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- W4281873907 abstract "This paper elucidates, whether airfares respond asymmetrically to fuel price changes. Recent literature suggests conflicting evidence on whether airfares respond rapidly to the increase in fuel price than to the decrease. Using monthly U.S. data spreading over January 2000 to June 2019 and by employing a multiple threshold nonlinear autoregressive distributed lag model, this paper doesn't surface any evidence of asymmetric adjustments of airfares to the changes in the prices of crude oil and jet fuel. Although the statistical results do not suggest a mechanism that conclusively identifies different adjustment rates in airfares relative to the difference in the prices for fuel, this absence does not support the presumption that the response of airfares to the changes in fuel prices is always symmetric. The results are quite robust to the splitting of the regressors into deciles." @default.
- W4281873907 created "2022-06-13" @default.
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- W4281873907 date "2022-07-01" @default.
- W4281873907 modified "2023-09-30" @default.
- W4281873907 title "Do airfares respond asymmetrically to fuel price changes? A multiple threshold nonlinear ARDL model" @default.
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- W4281873907 doi "https://doi.org/10.1016/j.eneco.2022.106113" @default.
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