Showing 1 - 10 of 11
Recent advances in telecommunications, particularly using fibre technologies, permit many services based on data-processing to be performed anywhere in the world. They thus become tradable and subject to the laws of comparative advantage. A good example is data-processing within large...
Persistent link: https://www.econbiz.de/10004979412
This paper provides theory and evidence on airline bag fees, offering insights into a real-world case of product unbundling. The theory predicts that an airline’s fares should fall when it introduces a bag fee, but that the full trip price (the bag fee plus the new fare) could either rise or...
Persistent link: https://www.econbiz.de/10010877747
After opening up of the Interconnector, the liberalized UK natural gas market and the regulated Continental gas markets became physically integrated. The oil-linked Continental gas price became dominant, due to both the large volume of the Continental market and to the fact that the significant...
Persistent link: https://www.econbiz.de/10005094192
The goal of this paper is to bring some unity to the theoretical side of the debate on internalization of airport congestion by showing that all the literature’s theoretical results can be derived within one simple and unified framework. The analysis starts by replicating the results of...
Persistent link: https://www.econbiz.de/10005765999
This paper explores the impact of airport noise regulation on airline service quality and airfares. It also characterizes the socially optimal stringency of noise limits, taking both noise damage and the various costs borne by airlines and their passengers into account. The analysis also...
Persistent link: https://www.econbiz.de/10005766104
Based on an idiosyncratic reading of the literature I propose intermediate (rather than tight or soft) regulation for balancing investment incentives with allocative efficiency and competition objectives. Intermediate regulation is compatible with incentive regulation and helps lengthening the...
Persistent link: https://www.econbiz.de/10008596590
Pricing greenhouse gases is widely understood as the most efficient approach for mitigating climate change, yet distributional effects hamper political acceptance. These distributional effects are especially important in transport, the fastest growing sector for greenhouse gas emissions. Using...
Persistent link: https://www.econbiz.de/10012927740
congestion while also shortening a connecting passenger's layover time. When the passenger's cost per unit of layover time rises … discrete spatial model, where flights congest one another only if they operate in the same discrete period, makes this layover …: the carriers concentrate their flights in different periods when the layover cost is high and deconcentrate them otherwise …
Persistent link: https://www.econbiz.de/10013014357
This paper provides theory and evidence on airline bag fees, offering insights into a real-world case of product unbundling. The theory predicts that an airline’s fares should fall when it introduces a bag fee, but that the full trip price (the bag fee plus the new fare) could either rise or...
Persistent link: https://www.econbiz.de/10013315715
Based on an idiosyncratic reading of the literature I propose intermediate (rather than tight or soft) regulation for balancing investment incentives with allocative efficiency and competition objectives. Intermediate regulation is compatible with incentive regulation and helps lengthening the...
Persistent link: https://www.econbiz.de/10013316240