SINGLE AVIATION MARKETS AND CONTESTABILITY THEORY: GETTING THE POLICY BEARINGS RIGHT
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Open Access
Type
Working PaperAuthor/s
Nyathi, Michael Z.Abstract
This paper looks at the theory of contestable markets as it relates to the aviation industry, particularly its contribution to the deregulation debate and subsequent extension to the evaluation of welfare benefits in single aviation markets. The conclusion reached is that the theory has limited usefulness as far as policy formulation in aviation markets is concerned.This paper looks at the theory of contestable markets as it relates to the aviation industry, particularly its contribution to the deregulation debate and subsequent extension to the evaluation of welfare benefits in single aviation markets. The conclusion reached is that the theory has limited usefulness as far as policy formulation in aviation markets is concerned.
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Date
1992-07-01Department, Discipline or Centre
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