Andreas Papatheodorou () (University of the Aegean, Greece) Nikos Platis () (University of Peloponnese, Greece)
Abstract
Air traffic has substantially increased since the introduction of deregulation in both the USA and the European Union. Moreover, aircraft accidents involving fatalities have exhibited a downward trend over time. Still, a series of recently publicized accidents has raised again a serious issue, namely whether cost reduction in a deregulated aviation environment is achieved at the expense of safety standards. To address this question, the paper proposes a mathematical model, which highlights the relationship between competitive behaviour and tort liability. The model has important policy implications suggesting that the level of airline penalisation should be reduced when market rivalry is relaxed and conversely.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Volume (Year): 97 (2007) Issue (Month): 1 (January-February) Pages: 221-242 Download reference. The following formats are available: HTML
(with abstract),
plain text
(with abstract),
BibTeX,
RIS (EndNote, RefMan, ProCite),
ReDIF
For technical questions regarding this item, or to correct its listing, contact: (Sabrina Marino).
Related research
Keywords:
Find related papers by JEL classification: L19 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Other L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm L40 - Industrial Organization - - Antitrust Issues and Policies - - - General L59 - Industrial Organization - - Regulation and Industrial Policy - - - Other L93 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Air Transportation
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.: