Topic: 26. Economic: General

A complete indexing and article service is available free from 1967 to 2000

Eliminating Railway Deficits. The Effects for Australia

Problems associated with subsidising Australian non-urban rail services are revisited by evaluating the macro-economic impacts of a policy that would eliminate railway deficits. The model used demonstrates how several policy scenarios for the abolition of railway subsidies can be explored by simulating shocks to the economy. The results illustrate the range of economic benefits that could accrue from the abolition of subsidies and identifies interests most likely to benefit or lose from such a policy.

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Systematic Risk in the Deregulated Airline Industry

Systematic risk in the deregulated airline industry is found to be significantly lower, at least for national carriers, than under regulation; but it was much higher during the period of transition. National carriers have a greater systematic risk than regional carriers, but the difference is less after deregulation.

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An Economic Analysis of Aircraft Design

Aerodynamics and economics are combined to show the effect on aircraft design of changes in relative prices, especially the price of fuel. Higher capital cost reduces operating cost. Only airlines that operate few miles per year will select cheaper aircraft with high running cost.

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