A Cournot model for analysing the effects of an open skies agreement

Vera Alves and Rosa Forte

Journal of Air Transport Management, 2015, vol. 42, issue C, 125-134

Abstract: In the last decades there has been a gradual liberalisation of international air transport markets through the implementation of open skies agreements which seek the deregulation of the air transport industry and consequently the functioning of the market in a freer way. The objective of this work is to study the effects of an open skies agreement in order to understand if the airlines and the consumers will benefit after the market deregulation. With this purpose, we develop a Cournot model to compare the initial situation (without agreement) and the situation after the implementation of the open skies agreement.

Keywords: Open skies agreement; Cournot model; Effects on prices; Firms' profits (search for similar items in EconPapers)
JEL-codes: D21 D43 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Working Paper: A Cournot model for analysing the effects of an open skies agreement (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jaitra:v:42:y:2015:i:c:p:125-134

DOI: 10.1016/j.jairtraman.2014.09.007

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