This paper studies whether a regulator needs to correct the route structure choice by carriers with market power in the … frequency, passenger connecting costs, airline endogenous hub location and route structure strategic competition. We find that …, for some parameters, an instrument directly aimed at regulating route structure choice may be needed to maximize welfare …

route structure choice by carriers with market power in the presence of congestion externalities, in addition to correct … hub location and route structure strategic competition. We find that, for some parameters, an instrument directly aimed at … regulating route structure choice may be needed to maximize welfare, in addition to per-passenger and per-flight tolls designed …

This paper studies whether a regulator needs to correct the route structure choice by carriers with market power in the … frequency, passenger connecting costs, airline endogenous hub location and route structure strategic competition. We find that …, for some parameters, an instrument directly aimed at regulating route structure choice may be needed to maximize welfare …