congestion prices equal to the value of marginal travel delays a non-optimal response. This paper develops a model of airport …Conventional economic wisdom suggests that congestion pricing would be an appropriate response to cope with the growing … congestion levels currently experienced at many airports. Several characteristics of aviation markets, however, may make naive …

improve welfare. The model consists of a downstream (airline) duopoly with two inputs landings at two airports) and two types … of consumers. The airline companies compete internationally. Using the simple international duopoly model, we show that … another equilibrium only if the degree of product differentiation is large. -- Airline ; airport ; privatization …

improve welfare. The model consists of a downstream (airline) duopoly with two inputs (landings at two airports) and two types … of consumers. The airline companies compete internationally. Using the simple international duopoly model, we show that … the outcome where both airports are privatized is always an equilibrium while that where no airport is privatized is …

The domestic airline merger phenomenon of the late 1980s and early 1990s sparked a great deal of Industrial … competitive incentives helps explain domestic airline merger activity. A Cournot model of airline competition illustrates that …

congestion prices equal to the value of marginal travel delays a non-optimal response. This paper develops a model of airport …Conventional economic wisdom suggests that congestion pricing would be an appropriate response to cope with the growing … congestion levels currently experienced at many airports. Several characteristics of aviation markets, however, may make naive …