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Abstract: This paper deals with the analysis and modelling of behaviour of the Western European airlines during the first phase of the gradual liberalisation of the EU (European Union) aviation market. The framework for monitoring this behaviour and appropriate methodology for registering significant changes in the airline industry, specific airlines, and the aviation market itself has been developed. Three classes of empirical models have been estimated: airline growth and financial performances, airline mergings and alliances by holding of equity stakes in partners, and airline relationships (cooperation and/or competition) on the EU air route network consisting of five sub-models. The EU airline sub-models are: market share, market concentration, air travel demand, quality of services, and pricing policy. The least-square regression technique has been applied over the cross-sectional data for making the empirical estimates.
Keywords: European aviation, liberalisation of the aviation market, Wester European airlines, externalities
Published in DKUM: 05.06.2012; Views: 1463; Downloads: 102
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