We study pricing of aviation and non-aviation products in a private monopolistic airport city and
model two features. First, non-aviation goods are demanded by both air travellers and nontravellers.
Second, the utility from consuming non-aviation goods may depend on whether the
consumer travels or...
Competition, Regulation and Industrial Policy
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1. Description of the purpose of the research (20~40 words) We develop an analytical framework to study the impact of High Speed Rail (HSR) network configuration on incentives for capacity investments and social welfare. We focus on two alternative models for HSR development: isolated corridors and...
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