With air transport becoming an increasingly vital part of the economy, the regulatory reform of this market has been a major development in European political economy. This book focuses on two market failures within the airline industry - market power and environmental externalities - and...

Delivery coefficients have long been used in economic analysis of policies that seek to address environmental problems like water pollution (Montgomery, 1972). However, the derivation and validity of delivery coefficients have not been examined carefully by empirical analyses. In this study, we...