Applied economics and understanding trends in air transportation policy
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 import...
Saved in:
| Published in: | Transport policy 2019-08, Vol.80, p.78-85 |
|---|---|
| Main Author: | |
| Format: | Article |
| Language: | eng |
| Subjects: | |
| Online Access: | Get full text |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Summary: | 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.
•Provides assessment of economic theory in developing aviation policy.•Provides a contextual overview of the ways in which economic regulation develops.•Offers some thoughts about the future role of economics in shaping aviation policy. |
|---|---|
| ISSN: | 0967-070X 1879-310X |