The deregulation of U.S. interstate aviation: an assessment of causes and consequences (part 1)

After forty years of economic regulation, the U.S. inter state aviation industry was ‘deregulated’ in 1978. This paper offers an assessment of the reasons for this radical change in official federal policy and an evaluation of the longer term impact of the reforms. Further, it provides a number of observations regarding the universality of the experiences of the U.S.A. in the context of the gradual liberalization of aviation regulation in general and the ‘deregulation’ of European aviation in particular.

[1]  John R. Meyer,et al.  Airline Deregulation: The Early Experience , 1981 .

[2]  Stephen E Creager.  Airline Deregulation and Airport Regulation , 1983 .

[3]  M. Levine.  Is Regulation Necessary? California Air Transportation and National Regulatory Policy , 1965 .

[4]  John R. Meyer,et al.  Deregulation and the Future of Intercity Passenger Travel , 1987 .

[5]  Michael E. Levine,et al.  AIRLINE COMPETITION IN DEREGULATED MARKETS: THEORY, FIRM STRATEGY, AND PUBLIC POLICY , 1987 .

[6]  J. Panzar.  Regulation, Deregulation, and Economic Efficiency: The Case of the CAB , 1980 .

[7]  R. Sandler.  Market Share Instability in Commercial Airline Markets and the Impact of Deregulation , 1988 .

[8]  David R. Graham,et al.  Deregulating the Airlines , 1985 .

[9]  A. Kahn,et al.  Surprises of Airline Deregulation , 1988 .

[10]  S. Peltzman.  Toward a More General Theory of Regulation , 1976, The Journal of Law and Economics.

[11]  Andrew J. Chalk,et al.  MARKET FORCES AND AIRCRAFT SAFETY: THECASEOFTHEDC-10 , 1986 .

[12]  M. Levine.  Revisionism Revised? Airline Deregulation and the Public Interest , 1981 .

[13]  G. Stigler.  The Theory of Economic Regulation , 2021, The Political Economy.

[14]  G. Douglas,et al.  Economic Regulation of Domestic Air Transport Theory and Policy. George W. Douglas and James C. Miller III. The Brookings Institution, 1775 Massachusetts Avenue, N.W., Washington, D.C. 20036. 1974. 211p , 1975 .

[15]  K. Button,et al.  Future Transport Policy , 1990 .

[16]  Deregulation: Causes and Consequences , 1986, Science.

[17]  M. Levine.  Regulating Airmail Transportation , 1975, The Journal of Law and Economics.

[18]  PAN AMERICAN TO UNITED : THE PACIFIC DIVISION TRANSFER CASE , 1987 .

[19]  W. Baumol,et al.  Contestable Markets and the Theory of Industry Structure , 1982 .

[20]  W. Jordan.  Airline Regulation in America: Effects and Imperfections , 1979 .

[21]  J. Keynes,et al.  The General Theory of Employment, Interest and Money. , 1936 .

[22]  R. Caves.  Air Transport and Its Regulators: An Industry Study , 1962 .

[23]  Elizabeth E. Bailey,et al.  Sources of Economic Rent in the Deregulated Airline Industry , 1988, The Journal of Law and Economics.

[24]  Charles R. Plott,et al.  Alternative Methods of Allocating Airport Slots: Performance and Evaluation , 1979 .

[25]  M. Starrs,et al.  Contestability and Sustainability in Regional Airline Markets , 1984 .

[26]  Marius Schwartz,et al.  The Nature and Scope of Contestability Theory , 1986 .

[27]  E E Bailey.  AIRLINE DEREGULATION IN THE UNITED STATES : THE BENEFITS PROVIDED AND THE LESSONS LEARNED , 1985 .

[28]  Clifford Winston,et al.  Empirical Implications and Tests of the Contestability Hypothesis , 1987, The Journal of Law and Economics.

[29]  T. G. Moore.  U. S. Airline Deregulation: Its Effects on Passengers, Capital, and Labor , 1986, The Journal of Law and Economics.

[30]  W. Baumol,et al.  Deregulation and the Theory of Contestable Markets , 1984 .

[31]  Clifford Winston,et al.  Air Safety, Deregulation, and Public Policy , 1988 .

[32]  Elizabeth E. Bailey,et al.  Contestability and the Design of Regulatory and Antitrust Policy , 1981 .

[33]  P. W. Cherington,et al.  Federal Control of Entry into Air Transportation , 1952 .

[34]  John C. Panzar,et al.  Free Entry and the Sustainability of Natural Monopoly , 1977 .

[35]  C. Winston,et al.  The Economic Effects of Airline Deregulation , 1986 .

[36]  Arthur S. De Vany,et al.  The Effect of Price and Entry Regulation on Airline Output, Capacity and Efficiency , 1975 .

[37]  Theodore E. Keeler,et al.  Airline Regulation and Market Performance , 1972 .

[38]  Michael W. Tretheway,et al.  PRODUCTIVITY PERFORMANCE OF U.S. TRUNK AND LOCAL SERVCE AIRLINES IN THE ERA OF DEREGULATION , 1983 .

[39]  W. Baumol,et al.  Contestability: Developments Since the Book , 1986 .

[40]  Richard A. Posner,et al.  Benefits and Costs of Airline Mergers: A Case Study , 1980 .

[41]  Devra L. Golbe.  Safety and Profits in the Airline Industry , 1986 .

[42]  C. Trengove,et al.  European Aviation: A Common Market? , 1986 .

[43]  W. Baumol.  Contestable Markets: An Uprising in the Theory of Industry Structure , 1982 .

[44]  M. Spence,et al.  Contestable Markets and the Theory of Industry Structure: A Review Article , 1983 .

[45]  P. W. Macavoy,et al.  Regulation of Passenger Fares and Competition Among the Airlines. Paul W. MacAvoy and John W. Snow. American Enterprise Institute for Public Policy Research, 1150 Seventeenth Street, N.W., Washington, D.C. 20036. 1977. 210p. $4.75 , 1978 .

[46]  Stephen G. Breyer,et al.  Regulation and its reform , 1982 .

[47]  The effects of regulatory reform on the US inter-city bus industry. , 1987 .