Lessons from Deregulation: Telecommunications and Airlines after the Crunch

Alfred E. Kahn

doi:10.5771/9780815796251

Summary

Over the last several years, the value of stocks in both the airline and the telecommunications industries have dropped catastrophically. Since these industries were among the most importantand most visibleto have been unleashed from regulation in recent decades (albeit in widely differing degree), their difficulties have raised the question of whether their deregulation should be reconsidered or even reversed.

Alfred E. Kahn, one of the foremost authorities on deregulation, argues in this book that every passing year demonstrates the superiority of the road chosen for the airlines. He contrasts the financial meltdowns of both the airline and telecommunications industries with others taking place at the same time, particularly in technology-related stocks and "dot.coms," pointing out that these sectors were also relatively free of direct economic regulation. Their experience provides a useful counter to the natural tendency to blame all the woes of aviation and telecommunications on government policy.

This book provides a valuable and accessible guide to unraveling the complex world of network deregulation. It will serve as a reference point for practioners and policymakers, as well as an important introduction for the general public.

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Bibliographic data

Edition: 1/2003
Copyright Year: 2003
ISBN-Print: 978-0-8157-4819-9
ISBN-Online: 978-0-8157-9625-1
Publisher: Rowman & Littlefield, Lanham
Language: English
Pages: 89
Product Type: Monograph

1. Table of Contents No access
2. Foreword No access
3. Acknowledgments No access
Introduction No access Pages 1 - 2
The Airlines: "Normal" Recession plus 9/11 and Iraq No access Pages 3 - 20
Telecommunications: Tangled Wires and Deregulatory Remedies No access Pages 21 - 46
Conclusion No access Pages 47 - 48
Notes No access Pages 49 - 82
Index No access Pages 83 - 89