Tekijä: | Savioz, M. |
Otsikko: | Investment and maintenance in the aviation industry |
Lehti: | Schweizerische Zeitschrift für Volkswirtschaft und Statistik
1990 : VOL. 126:1, p. 17-38 |
Asiasana: | AIR TRANSPORT INVESTMENT APPRAISAL |
Kieli: | eng |
Tiivistelmä: | 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. |
SCIMA