How Airline Markets Work...Or Do They? Regulatory Reform in the Airline Industry
Severin Borenstein and
Nancy Rose
No 13452, NBER Working Papers from National Bureau of Economic Research, Inc
Abstract:
Following a brief review of the U.S. domestic airline industry under regulation (1938-1978), we study the changes that have occurred in pricing, service, and competition in the 28 years since deregulation. We then examine some of the major public policy issues facing the industry: (a) the sustainability of competition and volatility of airline profits, (b) possible market power of dominant airlines, and (c) congestion and investment shortfall in the airport and air traffic infrastructure.
JEL-codes: L1 L13 L51 L93 (search for similar items in EconPapers)
Date: 2007-09
New Economics Papers: this item is included in nep-com, nep-his, nep-ind, nep-mic, nep-reg and nep-ure
Note: IO
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Citations: View citations in EconPapers (22)
Published as How Airline Markets Work…or Do They? Regulatory Reform in the Airline Industry , Severin Borenstein, Nancy L. Rose. in Economic Regulation and Its Reform: What Have We Learned? , Rose. 2014
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Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:13452
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