The purpose of this article is to compare Greek coastal shipping and aviation
industry immediately after their liberalization. It focuses mainly on fare
configuration analysis of domestic and global aviation to compare the conclusions
with Greek coastal market. This is an innovative approach as there has been no such
research effort on this issue in the past. The importance of our analysis lies to a large
extent in exploring the improvement or deterioration of passenger services for the
two modes of transport following the lifting of cabotage privilege. It can be a
yardstick for those researchers who want to know in advance what could happen in
the first years of liberalization in a transport industry.
The analysis results show that the institutional framework and the economic market
conditions in two industries characterized by both similarities and differences.
JEL classification numbers: R40, M21, L50.
Keywords: Global and European Aviation, Greek coastal shipping, Market
liberalization, Lifting of cabotage privilege, Fares, Passenger service.
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