Estudo dos efeitos de aumentos no custo do combustível na demanda por transporte aéreo doméstico

Authors

  • Helen Feuser Fernandes Instituto Tecnológico de Aeronáutica
  • Cláudio Jorge Pinto Alves Instituto Tecnológico de Aeronáutica
  • Alessandro Vinícius Marques de Oliveira Instituto Tecnológico de Aeronáutica

DOI:

https://doi.org/10.14295/transportes.v22i3.810

Keywords:

Jet fuel. Airline. Cost. Demand.

Abstract

A permanent shock in the cost of companies, when passed through to consumers by price transmission, may affect their behavior in the market and create potential damage to economic welfare. This paper investigates this phenomenon in the airline industry, where fuel costs account for a significant portion of total operating costs. We assessed the impact on demand for domestic travel of simulated increases in airline fuel costs and the resulting pass-through to prices. Our study develops an econometric model of demand and creates counterfactual scenarios for an economic welfare analysis. We employed an instrumental variables estimator in our econometric demand modelling. Results indicated that an increase of fifty percent in fuel costs, along with a change of conduct of firms towards duopoly behavior, would cause losses of nearly forty percent in the economic welfare of consumers.

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Author Biographies

Helen Feuser Fernandes, Instituto Tecnológico de Aeronáutica

Departamento de Transporte Aéreo

Cláudio Jorge Pinto Alves, Instituto Tecnológico de Aeronáutica

Departamento de Transporte Aéreo

Alessandro Vinícius Marques de Oliveira, Instituto Tecnológico de Aeronáutica

Departamento de Transporte Aéreo

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Published

2014-09-08

How to Cite

Fernandes, H. F., Alves, C. J. P., & Oliveira, A. V. M. de. (2014). Estudo dos efeitos de aumentos no custo do combustível na demanda por transporte aéreo doméstico. TRANSPORTES, 22(3), 64–75. https://doi.org/10.14295/transportes.v22i3.810

Issue

Vol. 22 No. 3 (2014)

Section

Artigos

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