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How Airline Markets Work...Or Do They? Regulatory Reform in the Airline Industry / Severin Borenstein, Nancy L. Rose.
- Format:
- Book
- Author/Creator:
- Borenstein, Severin.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w13452.
- NBER working paper series no. w13452
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2007.
- Summary:
- 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.
- Notes:
- Print version record
- September 2007.
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