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| Author: | Savioz, M. |
| Title: | Investment and maintenance in the aviation industry |
| Journal: | Schweizerische Zeitschrift für Volkswirtschaft und Statistik
1990 : VOL. 126:1, p. 17-38 |
| Index terms: | AIR TRANSPORT INVESTMENT APPRAISAL |
| Language: | eng |
| Abstract: | In a model of optimal control containing Keynes' "user cost of capital", "incorporated technical progress" and second-hand market for used equipment it is demonstrated that ageing of flying equipment may be a long-run side effect of deregulation in the aviation industry but it will not be large as long as depreciation of equipment is slow. |
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