QUANTITY, QUALITY AND THE WELFARE EFFECTS OF UNITED-STATES AIRLINE DEREGULATION

被引：2
|
作者：
GAYNOR, M
TRAPANI, JM
机构：
[1] TULANE UNIV, NEW ORLEANS, LA 70118 USA
[2] NBER, AB FREEMAN SCH BUSINESS, NEW ORLEANS, LA 70118 USA
来源：
APPLIED ECONOMICS | 1994年 / 26卷 / 05期
关键词：
D O I：
10.1080/00036849400000023
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this paper we employ a method for estimating quality-adjusted demand to calculate measures of the change in consumer surplus due to US airline deregulation. The quality-adjusted estimates of the price elasticity of demand indicate that consumers are from 25% to 50% more sensitive to changes in air fares than unadjusted estimates would suggest. Changes in unadjusted consumer surplus overstate the net welfare gains from deregulation by roughly a factor of two, strongly suggesting that adjustments for quality of service are essential to welfare analysis of regulatory changes in this industry.
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页码：543 / 550
页数：8
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