In the absence of an effective antitrust law, both fare wars and price collusion have been pervasive in China's airline markets, causing concern for both airlines and consumers. A study of monthly airfare data from 2002 to 2004 confirms that fare wars occur periodically, as well as price...

This paper attempts to derive policy indices to quantify the restrictiveness of the aviation regimes in the Asia-Pacific region, and use the indices to establish the relationship between people movement and liberalisation in policy. Australia and Singapore have the most liberalised environment...

This paper describes events in the last decade in China's airline markets and clarifies some misunderstandings in regard to the 2002 airline consolidations that brought sweeping changes to that country's aviation markets. Some possible reasons for the 2002 consolidations are inferred through...

This paper looks at the effects of some of the recent airline mergers in China. Overall, no significant airfare increases are found in a sample of markets served by the merged China Eastern and China Southern after 2002; indeed in most of the markets directly affected airfares declined. This was...

The paper used survey data to elicit values from Chinese passengers regarding schedule delay, punctuality and the size of network. It has been found that Chinese airlines have failed to establish a strong brand reputation that can influence passengers' air travel choices. Consumers are willing...

Air transport policy, national income, bilateral trade volume, distance, common language and immigration are significant determinants of international arrivals to Australia. The close link between aviation policy and the number of international travellers might suggest that Australia has...

We extend the current empirical literature on privatization by exploring the effect of ultimate privatization on the performance of Chinese listed companies. Ultimate privatization is defined as the incidence of transferring the ultimate control of a state-owned company from the government to...

Conflict of interests between controlling shareholders and minority shareholders could affect executive compensation contracts. In this paper, we use data on Chinese listed companies and show that controlling shareholders' tunneling reduces the pay-performance sensitivity of executive...