The author argues that these benefits, such as increased choice through the expansion of operations, must be off set against increased environmental costs including greater noise pollution and emissions, not to mention the reduction of profits that often accompany market liberalization. In the process the book tackles a number of important issues including the background and history of airline regulation in the EU, the basic policy trade-off between monopoly power and external costs, monetary valuation of externalities, and the relationship between airline scheduling and external costs. Perhaps surprisingly, the author concludes that even in the presence of environmental costs, the introduction of competition in airline markets has resulted in net welfare improvements.
Policymakers, as well as practitioners and researchers of environmental and transport economics, should draw great value from this original and pertinent volume.
The author argues that these benefits, such as increased choice through the expansion of operations, must be off set against increased environmental costs including greater noise pollution and emissions, not to mention the reduction of profits that often accompany market liberalization. In the process the book tackles a number of important issues including the background and history of airline regulation in the EU, the basic policy trade-off between monopoly power and external costs, monetary valuation of externalities, and the relationship between airline scheduling and external costs. Perhaps surprisingly, the author concludes that even in the presence of environmental costs, the introduction of competition in airline markets has resulted in net welfare improvements.
Policymakers, as well as practitioners and researchers of environmental and transport economics, should draw great value from this original and pertinent volume.
Environmental Costs and Liberalization in European Air Transport: A Welfare Economic Analysis
224Environmental Costs and Liberalization in European Air Transport: A Welfare Economic Analysis
224Hardcover
Product Details
ISBN-13: | 9781840646054 |
---|---|
Publisher: | Edward Elgar Publishing |
Publication date: | 09/25/2001 |
Series: | Transport Economics, Management and Policy series |
Pages: | 224 |
Product dimensions: | 6.12(w) x 9.25(h) x (d) |