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Asymmetric Regulation and Airport Dominance in International Aviation: Evidence from London – New York Market

Lookup NU author(s): Dr Volodymyr Bilotkach

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Abstract

International airline markets have the rather unusual feature of partial deregulation with asymmetric regulatory constraints: Some carriers face entry restrictions different from others for a given route. Like domestic air travel, international travel also features hubs, where a single carrier may dominate a given airport. This article examines the effects of asymmetric regulation and airport dominance on airlines' fares in the London-New York market, a market uniquely suited for identifying the effects of both of these issues. Comparison data from the symmetrically regulated Frankfurt-New York and Paris-New York markets enable a difference-in-differences identification strategy. Regulatory restrictions are found to decrease an affected carrier's fares, whereas airport dominance increases a dominant airline's fares.


Publication metadata

Author(s): Bilotkach V

Publication type: Article

Journal: Southern Economic Journal

Year: 2007

Volume: 74

Issue: 2

Pages: 505-523

ISSN (print): 0038-4038

Publisher: Southern Economic Association

URL: http://www.jstor.org/stable/20111979


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