How airlines market work...or do they?
Subtitle: regulatory reform in the airline industry
By: Severin Borenstein, Nancy L. Rose.
Contributors: Rose, Nancy L.; National Bureau of Economic Research.
Series: NBER working paper series -- no. 13452.; Working paper series (National Bureau of Economic Research) -- working paper no. 13452.
Publisher: National Bureau of Economic Research
Published: 2007
Place of publication: Cambridge, Mass
Language: eng
Number of pages: 60
Subjects: Airlines -- United States -- Regulation; Airlines -- Prices -- United States -- Econometric models; Airlines -- Customer services -- United States -- Econometric models; Competition -- United States -- Econometric models
Description: 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: "September 2007"

Includes bibliographical references (p. 52-58).

Also available in PDF from the NBER world wide web site (www.nber.org).