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This paper studies the regulation of an airline duopoly on a congested airport. Regulation should then address two …
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congestion prices equal to the value of marginal travel delays a non-optimal response. This paper develops a model of airport …
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congestion prices equal to the value of marginal travel delays a non-optimal response. This paper develops a model of airport …
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The recent literature on congestion pricing with large agents contains a remarkable inconsistency: though agents are large enough to recognize self-imposed congestion and exert market power over prices, they do not take into account the impact of their own actions on the magnitude of congestion...
Persistent link: https://www.econbiz.de/10011377567