Regulation and Incentives in European Aviation
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Metadatos
Título
Regulation and Incentives in European AviationFecha de Publicación
2006Resumen
We study the effect of liberalization on costs and competition in the European airline industry. We construct and estimate a model that includes demand, capacity, and cost equations. The latter accounts for inefficiency ... [+]
We study the effect of liberalization on costs and competition in 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. We show that failure to account for the choice of effort would lead to biased estimates of efficiency and competition in the industry. We also find that the last European Union package of deregulatory measures has led to significant efficiency improvements and has fostered competition. [-]
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Cita bibliográfica
Journal of Law and Economics. 2006, vol.49, nº 1, p. 229-248Tipo de documento
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The University of Chicago PressDerechos de acceso
©The University of Chicago Press
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info:eu-repo/semantics/openAccess
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