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Property Rights, Regulation and Efficiency: A Further Comment on Australia's Two‐Airline Policy *
Author(s) -
KIRBY MICHAEL G.,
ALBON ROBERT P.
Publication year - 1985
Publication title -
economic record
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.365
H-Index - 42
eISSN - 1475-4932
pISSN - 0013-0249
DOI - 10.1111/j.1475-4932.1985.tb02008.x
Subject(s) - property rights , profit (economics) , economics , government (linguistics) , microeconomics , public economics , econometric analysis , law and economics , macroeconomics , linguistics , philosophy
A model of profit regulation under the Two‐Airline Policy suggests that the government‐owned firm will be less cost efficient than its private counterpart. Econometric evidence is presented to support this hypothesis. The analysis and evidence is contrary to a widely accepted view.