Connectivity and isolation problems have become a source of policy interest in all European countries, largely as a result of the goal of the completion of the internal market. Against this background, the present paper aims to analyze the future position of the Aegean passenger shipping system....

This paper has been presented at the Journal of Applied Econometrics International Conference on the Micro-Econometrics of Dynamic Decision Making, in Tilburg, May 1994. We would like to thank John Rust, Arie Kapteyn and other participants at this conference for their helpful comments. This...