The past few years have seen a significant increase in low-cost carrier traffic that has in several ways, affected airport operations. Only limited analysis, however, of the connection between airport efficiency and low-cost carriers has been conducted. We use data from 10 Greek airports that...

The gravity model has been extensively used in international trade research for the last 40 years because of its considerable empirical robustness and explanatory power. Since their introduction in the 1960's, gravity models have been used for assessing trade policy implications and,...