This article deals with the development of the deregulation and liberalization of the scheduled air transport within the European Community with special reference to the EC competition law. The focal point lies, above all, on the Commission's proposals for the "Second Phase of the Liberalization...

This article deals with the development of the deregulation and liberalization of the scheduled air transport within the European Community with special reference to the EC competition law. The focal point lies, above all, on the Commission's proposals for the "Second Phase of the Liberalization...

This paper presents an analysis of the structural changes the US-airline industry experienced since deregulation of that industry in 1978. The impact of concentration on competition and prices is evaluated for different segments of the market. Finally, conclusions for the ongoing process of...

This paper presents an analysis of the structural changes the US-airline industry experienced since deregulation of that industry in 1978. The impact of concentration on competition and prices is evaluated for different segments of the market. Finally, conclusions for the ongoing process of...

This paper presents an analysis of the structural changes the US-airline industry experienced since deregulation of that industry in 1978. The impact of concentration on competition and prices is evaluated for different segments of the market. Finally, conclusions for the ongoing process of...

Do incentives and policy choices of public officials depend on whether they are appointed by an elected body or directly elected by voters? I investigate this question using the example of state grants for highly visible municipal investment projects. To attract these grants, mayors must prepare...

We investigate non-linearities in the stock return - trading volume relationship by using daily data for 16 European countries in an asymmetric vector autoregressive model. In this framework, we test for asymmetries and analyze the dynamic relationship using a simulation based procedure for...

This paper explores the role of public debt and fiscal deficits on factor productivity in an economy with credit market frictions and heterogeneous firms. When credit market conditions are sufficiently weak, low interest rates permit the government to run Ponzi schemes so that permanent primary...

In many groups heterogeneous incentives induce people to make unequal contributions to a common pool. This paper studies whether people consider the random assignment of such unequal incentives as unequal opportunities and demand more egalitarian distributions of the pool. The aggregate...

We develop and analyze a labor market model in which heterogeneous firms operate under decreasing returns and compete for labor by posting long-term contracts. Firms achieve faster growth by offering higher lifetime wages, which allows them to fill vacancies with higher probability, consistent...