In an integrated regional economy, connectivity is vital to facilitate efficient and expedited cross-border trade and travel. Hence, it was not surprising that the establishment of the common market in Europe and the ASEAN Economic Community in Southeast Asia have been accompanied by measures to...

The air transport sector is important in facilitating economic growth and development. In a country made up of more than 7,000 islands, air transportation serves as the fastest mode of connectivity within the country and the rest of the world. The direct impact of the air transport sector to...

This paper studies the regulation of an airline duopoly on a congested airport. Regulation should then address two market failures: uninternalized congestion, and overpricing due to market power. We find that first-best charges are differentiated over airlines if asymmetric, and completely drive...