Replication Data for: "Demand Volatility, Adjustment Costs, and Productivity: An Examination of Capacity Utilization for Hotels and Airlines"
- Butters, R. Andrew (Indiana University)
AbstractMeasures of productivity reveal large differences across producers even within narrowly defined industries. Traditional measures of productivity, however, will associate differences in demand volatility to differences in productivity when adjusting factors of production is costly. I document this effect by comparing the influence of demand volatility on capacity utilization in a high (hotels) and low (airlines) adjustment cost industry. Differences in annual demand volatility explain a large share of the variation in occupancy rates of hotels at the metro area-segment-year level. In contrast, differences in annual demand volatility have no effect on load factors of airlines at the destination-airline-year level.
2003-01-01 / 2011-12-31Time Period: Wed Jan 01 00:00:00 EST 2003--Sat Dec 31 00:00:00 EST 2011
2013-01-01 / 2019-06-30Collection Date(s): Tue Jan 01 00:00:00 EST 2013--Sun Jun 30 00:00:00 EDT 2019
Update Metadata: 2020-10-27 | Issue Number: 1 | Registration Date: 2020-10-27