About this product

Product Identifiers

PublisherMIT Press

ISBN-100262022133

ISBN-139780262022132

eBay Product ID (ePID)81076

Product Key Features

Number of Pages264 Pages

Publication NameDeregulating the Airlines

LanguageEnglish

Publication Year1985

SubjectEconomics / General, Air & Space

TypeTextbook

Subject AreaLaw, Business & Economics

AuthorDaniel P. Kaplan, David R. Graham, Elizabeth E. Bailey

SeriesRegulation of Economic Activity Ser.

FormatHardcover

Dimensions

Item Height0.8 in

Item Weight20 Oz

Item Length8.9 in

Item Width6.1 in

Additional Product Features

Intended AudienceScholarly & Professional

LCCN84-021816

Dewey Edition19

Grade FromCollege Graduate Student

IllustratedYes

Dewey Decimal387.706

SynopsisDeregulating the Airlines narrates and analyzes the decisions taken by the Civil Aeronautics Board during the transition to deregulation and the reasoning behind the Airline Deregulation Act of 1978. The airline industry has been buffeted by the forces of deregulation since the mid-1970s. Many new firms have entered, some with different price and operating philosophies and some of these have thrived. Other airlines have gone bankrupt. Overall the real cost of air travel has declined considerably; however, the effects have varied dramatically from market to market. Exactly how was this massive experiment envisioned and planned? How has it worked? And how will it work in the long run? Deregulating the Airlines narrates and analyzes the decisions taken by the Civil Aeronautics Board during the transition to deregulation and the reasoning behind the Airline Deregulation Act of 1978. It provides many comparisons of the industry before and after deregulation and uses those data to test the various hypotheses that scholars and politicians have advanced about how markets would behave if regulation were removed. Its findings provide information on both the demand and the cost side that will be important in molding the long-run equilibrium of the industry, and it discusses how quickly the industry is moving toward that equilibrium. For policymakers and students of regulation in particular, this study provides a unique case for contrasting the operation of an industry under close regulatory control and its operation free of such controls. It is able to make use of an unusually large volume of data on the costs, operations, and prices of individual firms to show how markets work and how regulation works. The book's in-depth analysis of the impact of policy changes in the airline industry is drawn in part from the authors' active involvement in implementing the new policies. Deregulating the Airlines is tenth in the series, Regulation of Economic Activity, edited by Richard Schmalensee., Deregulating the Airlines narrates and analyzes the decisions taken by the Civil Aeronautics Board during the transition to deregulation and the reasoning behind the Airline Deregulation Act of 1978.

LC Classification NumberHE9803.A4B32 1985