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EC integration and the structure of the Franco-American airline industries: implications on efficiency and welfare

Author: Röller, Lars-Hendrik ; Good, David J ; Sickles, Robin CINSEAD Area: Economics and Political ScienceIn: Models and measurement of welfare and inequality by W. Eichorn; Springer, 1993 Language: EnglishDescription: p. 1-13 + tables.Type of document: INSEAD ChapterNote: Please ask the Library for this chapter.Abstract: This paper explores the comparative performance of US carriers with their European counterparts since the onset of the deregulatory transition, focusing on comparisons between French and US carriers, partly because of thestrong role that the French national government plays in providing both explicit and implicit subsidies. A simple production function which allows for firm-specific as well as time-specific effects is estimated. With this model, efficiency and productivity differences and their temporal patterns for US and French carriers are investigated. The reduction in the labour force, assuming that relative efficiencies between the US and French carriers are eliminated in the more deregulated post-1993 environment, is calculated. Combined with available data on direct subsidies, the cost saving of a move to technical efficiency in the French airline industry is substantial and provides scope for dampening the impact of labour force reductions through lump sum transfers to the displaced workers
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This paper explores the comparative performance of US carriers with their European counterparts since the onset of the deregulatory transition, focusing on comparisons between French and US carriers, partly because of thestrong role that the French national government plays in providing both explicit and implicit subsidies. A simple production function which allows for firm-specific as well as time-specific effects is estimated. With this model, efficiency and productivity differences and their temporal patterns for US and French carriers are investigated. The reduction in the labour force, assuming that relative efficiencies between the US and French carriers are eliminated in the more deregulated post-1993 environment, is calculated. Combined with available data on direct subsidies, the cost saving of a move to technical efficiency in the French airline industry is substantial and provides scope for dampening the impact of labour force reductions through lump sum transfers to the displaced workers

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