Optimality of environmental policies in air transport markets and changes in the schedule delay: A theoretical approach |
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Authors: | M. Pilar Socorro Ofelia Betancor |
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Affiliation: | aUniversidad de Las Palmas de Gran Canaria, Departamento de Análisis Económico Aplicado, Campus de Tafira, 35017 Las Palmas de Gran Canaria, Spain;bFundación de Estudios de Economía Aplicada (FEDEA), Jorge Juan 46, 28001 Madrid, Spain |
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Abstract: | Air transport provides essential services in modern economies, though it produces significant negative external effects on the environment. Air quality, greenhouse gas emissions and noise are the main issues. The current environmental regulatory practice in air transport usually devises policy interventions for each externality in isolation disregarding their impact on the schedule delay, which in turn affects the consumers’ generalized price and social welfare. In this paper we develop a theoretical model that shows that such an approach is inadequate, and may lead to the choice of wrong environmental policies. |
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Keywords: | Environmental regulation Schedule delay Generalized price Frequency |
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