Jung Il Choi, Stanford University
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了解航空乘客权益现行联邦法律仍未强制要求航空公司在航班延误时向乘客提供金钱或其他补偿。这意味着在大多数情况下，补偿与否完全取决于航空公司。
Similar to Chen and Roth, this occurs because the extensive margin effect is positive, and a smaller constant diminishes the intensive margin's influence. Here, c=0.00001 equates to valuing the extensive margin as a 40,000% shift in the intensive margin.