Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1123724 | Procedia - Social and Behavioral Sciences | 2011 | 16 Pages |
Abstract
Air transport provides essential services in modern economies, though it produces significant negative external effects on the environment. Air quality, greenhouse gas emissions and noise are the main issues. The current environmental regulatory practice in air transport usually devises policy interventions for each externality in isolation disregarding their impact on the schedule delay, which in turn affects the consumers’ generalized price and social welfare. In this paper we develop a theoretical model that shows that such an approach is inadequate, and it may lead to the choice of wrong environmental policies.
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