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Aviation Deregulation and Safety. Theory and Evidence

Aviation Deregulation and Safety. Theory and Evidence

Deregulation of US aviation has not been followed by a marked increase in accidents. But there is evidence that safety has been impaired by failure to expand infrastructure and surveillance to keep pace with the increase in numbers of travellers.

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Deregulating Taxi Services: A Word of Caution

This paper studies pricing and capacity decisions in markets for phone-ordered taxicabs. Firms first choose capacities and then compete in prices. As firm demand increases, so does waiting time. This dampens competition and makes prices too high from the social point of view. Efficiency improves if firms choose large capacities. In a two-firm setting, equilibrium capacities are shown to be larger if both firms maximise total profits than if they maximise profits per cab.

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