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Applied economics and understanding trends in air transportation policy

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  • Button, Kenneth

Abstract

This paper examines some of the important trends in economics that influenced the liberalization of aviation markets from the late 1970s, the role that economics has played in the subsequent assessment of the implications of these reforms and more recent policy “tweaking”, and at the possible importance of more recent trends in economic thinking in influencing future policy developments. It primarily highlights the roles played by economic analysis in understanding how markets for airline, airport, and air traffic control work, how many of these features have been quantified, and situations where serious market failures can occur.

Suggested Citation

  • Button, Kenneth, 2019. "Applied economics and understanding trends in air transportation policy," Transport Policy, Elsevier, vol. 80(C), pages 78-85.
    • Handle: RePEc:eee:trapol:v:80:y:2019:i:c:p:78-85
    DOI: 10.1016/j.tranpol.2019.04.022
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    References listed on IDEAS

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    Cited by:

    1. Stacey Mumbower & Susan Hotle & Laurie A. Garrow, 2023. "Highly debated but still unbundled: The evolution of U.S. airline ancillary products and pricing strategies," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 22(4), pages 276-293, August.
    2. Howell, Charles & Grifell-Tatjé, Emili, 2022. "Market heterogeneity and the relationship between competition and price dispersion: Evidence from the U.S. airline market," Transport Policy, Elsevier, vol. 125(C), pages 218-230.
    3. Andribet, Pierre & Baumgartner, Marc & Garot, Jean-Marc, 2022. "Reinventing European air traffic control based on the covid-19 pandemic experience," Utilities Policy, Elsevier, vol. 75(C).

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