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Equilibrium and Welfare in Unregulated Airline Markets.

This article analyzes the equilibrium and welfare in unregulated airline markets. The demand for air transportation in a stylized city pair market is assumed to depend upon the ticket price and two aspects of service quality, flight frequency and the load factor. The results of the analysis have imp...

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Published in:American Economic Review Vol. 69; no. 2; pp. 92 - 96
Main Author: Panzar, John C.
Format: Article
Published: American Economic Association May79
Subjects:
Economic equilibrium
United States. Civil Aeronautics Board
Airline industry
Commercial aeronautics
Political planning
United States
Online Access:View this record in EBSCOhost