The Cost of Australian Regulation of International Air Travel

Christopher Findlay

Australian Journal of Management, 1978, vol. 3, issue 2, 163-174

Abstract: This paper estimates the welfare cost of the Australian government regulations on international air travel. It is argued that prices are higher than they would be in the absence of the regulations and that most of the resulting loss of consumer surplus is dissipated in inefficient airline operations or lobbying and enforcement costs. The welfare cost to consumers, allowing for a loss of quality in the change to a more competitive market, is estimated to be about $580 million each year.

Keywords: AIR TRAVEL; CONSUMER COST; GOVERNMENT REGULATION; INEFFICIENCY; TRANSPORT (search for similar items in EconPapers)
Date: 1978
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Persistent link: https://EconPapers.repec.org/RePEc:sae:ausman:v:3:y:1978:i:2:p:163-174

DOI: 10.1177/031289627800300204

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