Journal article
Open Skies: Estimating Travelers' Benefits from Free Trade in Airline Services
American economic journal. Economic policy, Vol.7(2), pp.370-414
05/01/2015
Handle:
https://hdl.handle.net/2376/110552
Abstract
The United States has negotiated bilateral open skies agreements to deregulate airline competition on US international routes, but little is known about their effects on travelers' welfare and the gains from the US negotiating agreements with more countries. We develop a model of international airline competition to estimate the effects of open skies agreements on fares and flight frequency. We find the agreements have generated at least $4 billion in annual gains to travelers and that travelers would gain an additional $4 billion if the US negotiated agreements with other countries that have a significant amount of international passenger traffic. (JEL D12, L11, L51, L93, L98)
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Details
- Title
- Open Skies: Estimating Travelers' Benefits from Free Trade in Airline Services
- Creators
- Clifford Winston - Economic Studies Program, Brookings Institution, 1775 Massachusetts Avenue, N.W., Washington, DC 20036 (e-mail: )Jia Yan - Department of Economics, Washington State University, Pullman, WA 99164 (e-mail: )
- Publication Details
- American economic journal. Economic policy, Vol.7(2), pp.370-414
- Academic Unit
- Economic Sciences, School of
- Identifiers
- 99900547050501842
- Language
- English
- Resource Type
- Journal article