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The Economic Effects of Airline Deregulation
Authors:
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Publisher:
2010
Summary
In 1938 the U.S. Government took under its wing an infant airline industry. Government agencies assumed responsibility not only for airline safety but for setting fares and determining how individual markets would be served. Forty years later, the Airline Deregulation Act of 1978 set in motion the economic deregulation of the industry and opened it to market competition. This study by Steven Morrison and Clifford Winston analyzes the effects of deregulation on both travelers and the airline industry. The authors find that lower fares and better service have netted travelers some $6 billion in annual benefits, while airline earnings have increased by $2.5 billion a year. Morrison and Winston expect still greater benefits once the industry has had time to adjust its capital structure to the unregulated marketplace, and they recommend specific public polices to ensure healthy competition.
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Bibliographic data
Copyright year
2010
ISBN-Print
978-0-8157-5845-7
ISBN-Online
978-0-8157-0806-3
Publisher
Rowman & Littlefield, Lanham
Language
English
Pages
84
Product type
Book Titles
Table of contents
ChapterPages
Contents No access
Preview of Findings No access
Hub-and-Spoke Operations No access
Efficiency Effects: Travelers No access
Efficiency Effects: Carriers No access
Efficiency Effects: Administrative Costs and Subsidies No access
Distributional Effects No access
Summary and Qualifications No access
Maximization of Travelers' Welfare No access
Results No access
Public Policy Considerations No access
6. Deregulation and the Evolution of the Airline Industry No access Pages 72 - 73
