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Charles Najda, FRM
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Legal Perspective

Evaluate if there is diversity jurisdiction — subject matter jurisdiction — pursuant to 28 U.S. Code § 1332(a)(1) when a trustee of a trust files an action in a federal district court or removes an action to a federal district court.

diversityjurisdiction.com

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Low-Cost Carriers and Low Fares: Competition and Concentration in the U.S. Airline Industry

This analysis will examine the current structure of the domestic airline market to determine the amount of market power incumbent carriers wield, the market dynamics that exist in short haul and long haul routes, and the impact of a new breed of air carrier, the low-cost carrier, on the distribution of airfares. The analysis seeks to determine if a low-cost carrier’s presence on a route significantly impacts airfares. This paper argues that previous analyses may overestimate the effect of route concentration, hubs, and other route specific characteristics on the distribution of market prices. The emerging significance of the low-cost carrier may indicate a shift in the structure of the airline market away from hub-and-spoke networks and towards point-to-point networks. The significance of low-cost carriers suggests that government policies that enforce antitrust laws at hub airports may be ineffective; moreover, encouraging low-cost entry, through equal access to infrastructure, compacts the fare distribution and lowers the median fare.

Abridged SEJ Thesis [PDF] | Complete Thesis [PDF]
Stanford Economics Journal, MMIV Volume X

Firestone Medal for Excellence in Research, Stanford University, 2003
First Place Thesis, Stanford Economics Department, 2003
Stanford University Honors Program Award Winners | Honors Theses 2003

List of articles citing thesis on Google Scholar. Microsoft academic research listing.
 
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Charles Najda
charlesnajda.com


Stanford University
Bachelor of Science in Computer Science
Bachelor of Arts in Economics with Honors

Stanford in Boston President

Stanford OVAL Volunteer

Stanford Associates Designee

Fenn School Alumni Council

Financial Risk Manager, FRM
Certified by the Global Association of Risk Professionals
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Stanford University Blyth Fund Investment Proposals
Date Ticker Company Proposal Result
05/29/2003 SONS Sonus Networks Update #2 N/A PDF
04/17/2003 SONS Sonus Networks Update N/A PDF
11/25/2002 SONS Sonus Networks Buy Approved PDF
11/04/2002 PMCS PMC Sierra Watch List N/A PDF
10/24/2002 STT State Street Buy Approved PDF
10/07/2002 SONS Sonus Networks Buy Approved PDF
05/30/2002 NSANY Nissan Motor Co Watch List N/A PDF
05/23/2002 SASOY Sasol Ltd Buy Approved PDF
01/24/2002 SUNW Sun Microsystems Sell Approved PDF
01/17/2002 SNWL Sonicwall Watch List N/A PDF
01/29/2001 INTC Intel Watch List N/A PDF
11/14/2000 AMR AMR Corp Watch List N/A PDF
10/30/2000 QCOM Qualcomm Watch List N/A PDF
Economic Perspective
US Labor Market Outlook March 2014 [PDF]

Historically high divergence in unemployment rates between strong and weak segments of the labor market contributes to high long-term unemployment, which is challenging to mitigate through fiscal and monetary policy. This structural challenge means that the Fed will maintain low rates for an extended period, past the Q2 2015 consensus. During the next year equities are attractive, while low inflation and modest growth means commodities are not.

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Stanford University Main Quad Copyright 2014 Charles Najda
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