Competition Regimes and Air Transport Costs: The Effects of Open Skies Agreement
The relevance of transport costs has increased as liberalization continues to reduce artificial barriers to trade. Is it worthwhile to implement policies designed to increase competition in transport markets? Focusing on air transport, this paper quantifies the effects of liberalization of air cargo markets on transport costs. Between 1990 and 2003, the United States implemented a series of Open Skies Agreements, providing a unique opportunity to assess the effect that a change in the competition regime has on prices. In our sample, Open Skies Agreements reduce air transport costs by 9% and increase by 7% the share of imports arriving by air. Those results hold for developed and upper-middle-income developing countries but for lower-middle-income and low-income developing countries Open Skies Agreements do not reduce. This paper was presented at the Fourth LAEBA Annual Meeting, held in Lima, Peru, on June 17, 2008.
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Subjects: | Integration and Trade, Infrastructure Work, F4 - Macroeconomic Aspects of International Trade and Finance, L4 - Antitrust Issues and Policies, L9 - Industry Studies: Transportation and Utilities, LAEBA, Transport costs, Air transport liberalization, Infrastructure, Trade, Regulatory quality, Open Skies Agreements, |
Online Access: | http://dx.doi.org/10.18235/0011319 https://publications.iadb.org/en/competition-regimes-and-air-transport-costs-effects-open-skies-agreement-0 |
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dig-bid-node-109082024-05-30T20:30:06ZCompetition Regimes and Air Transport Costs: The Effects of Open Skies Agreement 2008-06-01T00:00:00+0000 http://dx.doi.org/10.18235/0011319 https://publications.iadb.org/en/competition-regimes-and-air-transport-costs-effects-open-skies-agreement-0 Inter-American Development Bank Integration and Trade Infrastructure Work F4 - Macroeconomic Aspects of International Trade and Finance, L4 - Antitrust Issues and Policies, L9 - Industry Studies: Transportation and Utilities LAEBA, Transport costs, Air transport liberalization, Infrastructure, Trade, Regulatory quality, Open Skies Agreements The relevance of transport costs has increased as liberalization continues to reduce artificial barriers to trade. Is it worthwhile to implement policies designed to increase competition in transport markets? Focusing on air transport, this paper quantifies the effects of liberalization of air cargo markets on transport costs. Between 1990 and 2003, the United States implemented a series of Open Skies Agreements, providing a unique opportunity to assess the effect that a change in the competition regime has on prices. In our sample, Open Skies Agreements reduce air transport costs by 9% and increase by 7% the share of imports arriving by air. Those results hold for developed and upper-middle-income developing countries but for lower-middle-income and low-income developing countries Open Skies Agreements do not reduce. This paper was presented at the Fourth LAEBA Annual Meeting, held in Lima, Peru, on June 17, 2008. Inter-American Development Bank Alejandro Micco Tomás Serebrisky Working Papers application/pdf IDB Publications United States en |
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Integration and Trade Infrastructure Work F4 - Macroeconomic Aspects of International Trade and Finance, L4 - Antitrust Issues and Policies, L9 - Industry Studies: Transportation and Utilities LAEBA, Transport costs, Air transport liberalization, Infrastructure, Trade, Regulatory quality, Open Skies Agreements Integration and Trade Infrastructure Work F4 - Macroeconomic Aspects of International Trade and Finance, L4 - Antitrust Issues and Policies, L9 - Industry Studies: Transportation and Utilities LAEBA, Transport costs, Air transport liberalization, Infrastructure, Trade, Regulatory quality, Open Skies Agreements |
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Integration and Trade Infrastructure Work F4 - Macroeconomic Aspects of International Trade and Finance, L4 - Antitrust Issues and Policies, L9 - Industry Studies: Transportation and Utilities LAEBA, Transport costs, Air transport liberalization, Infrastructure, Trade, Regulatory quality, Open Skies Agreements Integration and Trade Infrastructure Work F4 - Macroeconomic Aspects of International Trade and Finance, L4 - Antitrust Issues and Policies, L9 - Industry Studies: Transportation and Utilities LAEBA, Transport costs, Air transport liberalization, Infrastructure, Trade, Regulatory quality, Open Skies Agreements Inter-American Development Bank Competition Regimes and Air Transport Costs: The Effects of Open Skies Agreement |
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The relevance of transport costs has increased as liberalization continues to reduce artificial barriers to trade. Is it worthwhile to implement policies designed to increase competition in transport markets? Focusing on air transport, this paper quantifies the effects of liberalization of air cargo markets on transport costs. Between 1990 and 2003, the United States implemented a series of Open Skies Agreements, providing a unique opportunity to assess the effect that a change in the competition regime has on prices. In our sample, Open Skies Agreements reduce air transport costs by 9% and increase by 7% the share of imports arriving by air. Those results hold for developed and upper-middle-income developing countries but for lower-middle-income and low-income developing countries Open Skies Agreements do not reduce. This paper was presented at the Fourth LAEBA Annual Meeting, held in Lima, Peru, on June 17, 2008. |
author2 |
Alejandro Micco |
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Alejandro Micco Inter-American Development Bank |
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Working Papers |
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Integration and Trade Infrastructure Work F4 - Macroeconomic Aspects of International Trade and Finance, L4 - Antitrust Issues and Policies, L9 - Industry Studies: Transportation and Utilities LAEBA, Transport costs, Air transport liberalization, Infrastructure, Trade, Regulatory quality, Open Skies Agreements |
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Inter-American Development Bank |
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Inter-American Development Bank |
title |
Competition Regimes and Air Transport Costs: The Effects of Open Skies Agreement |
title_short |
Competition Regimes and Air Transport Costs: The Effects of Open Skies Agreement |
title_full |
Competition Regimes and Air Transport Costs: The Effects of Open Skies Agreement |
title_fullStr |
Competition Regimes and Air Transport Costs: The Effects of Open Skies Agreement |
title_full_unstemmed |
Competition Regimes and Air Transport Costs: The Effects of Open Skies Agreement |
title_sort |
competition regimes and air transport costs: the effects of open skies agreement |
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Inter-American Development Bank |
url |
http://dx.doi.org/10.18235/0011319 https://publications.iadb.org/en/competition-regimes-and-air-transport-costs-effects-open-skies-agreement-0 |
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AT interamericandevelopmentbank competitionregimesandairtransportcoststheeffectsofopenskiesagreement |
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1809106893371604992 |