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The EU-U.S. open skies agreement: a first evaluation of the impact on Italy
Journal Title: ECONOMIA E POLITICA INDUSTRIALE  
Author/s: Valentina Morandi, Paolo Malignetti, Renato Redondi, Stefano Paleari 
Year:  2012 Issue: Language: Italian 
Pages:  20 Pg. 91-110 FullText PDF:  115 KB
DOI:  10.3280/POLI2012-004004
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The aim of the paper is to evaluate the effects of the EU-U.S. open skies agreement on the Italy U.S. air transportation market. The EU-U.S. open skies agreement, which came into force in March 2008, is an important example of the liberalization of the air transport industry the goal of which is to improve consumer welfare. Enabling any European carrier and any U.S. airline to fly between EU and U.S. destinations without restrictions on frequencies and fares is the first step in creating an EU-U.S. open aviation area. This agreement harmonizes the fragmented and diversified regulation on transatlantic market access in EU countries. The study focuses on passenger traffic in terms of both direct flights and one-stop flights from Italy to the U.S. to analyze the changes in competition and service quality induced by the EU-U.S. open skies agreement. A pre- and post deregulation comparison of the transatlantic market highlights that the number of flights and destinations decreased, while the service coverage in Italy improved. Moreover, although the number of carriers offering transatlantic services decreased, fewer routes are monopolized by only one carrier.
Keywords: Liberalization, air transportation, EU-U.S. open skies agreement
Jel Code: L93, L51

Valentina Morandi, Paolo Malignetti, Renato Redondi, Stefano Paleari, The EU-U.S. open skies agreement: a first evaluation of the impact on Italy in "ECONOMIA E POLITICA INDUSTRIALE " 4/2012, pp. 91-110, DOI:10.3280/POLI2012-004004

   

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