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dc.contributor.authorGagnepain, Philippe
dc.contributor.authorMarín, Pedro L.
dc.contributor.otherCentre for Economic Policy Research
dc.date.accessioned2014-02-20T09:22:19Z
dc.date.available2014-02-20T09:22:19Z
dc.date.issued2004
dc.identifierhttp://hdl.handle.net/10016/5041
dc.identifier.issn0265-8003
dc.identifier.urihttp://hdl.handle.net/10234/84131
dc.description.abstractThe aim of this Paper is to evaluate simultaneously market power and the incentives faced by carriers to improve efficiency, taking into account the regulatory changes that have affected the European airline industry. We construct and estimate a model that includes demand, capacity, and cost equations. The latter accounts for inefficiency and cost-reducing effort. Using a non-nested test and observations on the largest European airlines between 1985 and 1999, we show the importance of following such an approach. We also find that the introduction of the last EU package of deregulatory measures has affected carriers’ behaviour in a significant manner.
dc.format.mimetypeapplication/pdf
dc.language.isoeng
dc.relation.isPartOfSeriesWorking paper
dc.relation.isPartOfSeries4318
dc.rights©CEPR
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/*
dc.subjectEconomía
dc.subject.otherAirlines
dc.subject.otherCompetition
dc.subject.otherEfficiency
dc.subject.otherIncentives and regulation
dc.titleRegulation and Incentives in European Aviation
dc.typeinfo:eu-repo/semantics/workingPaper
dc.rights.accessRightsinfo:eu-repo/semantics/openAccess


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