The Economic Effects of Airline Deregulation by Steven Morrison (English) Paperb

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In 1938 the US Government took under its wing an infant airline industry. 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 analyses the effects of deregulation on both travellers and the airline industry.

FORMATPaperback LANGUAGEEnglish CONDITIONBrand New Publisher Description

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.

Details ISBN0815758456 Author Clifford Winston Series Studies in the Regulation of Economic Activity Language English ISBN-10 0815758456 ISBN-13 9780815758457 Media Book Format Paperback Birth 1951 Short Title ECONOMIC EFFECTS OF AIRLINE Imprint Brookings Institution Place of Publication Washington DC Country of Publication United States Illustrations illustrations DOI 10.1604/9780815758457 NZ Release Date 1986-04-01 US Release Date 1986-04-01 UK Release Date 1986-04-01 Pages 98 Year 1986 Publication Date 1986-04-01 DEWEY 387.71 Audience Undergraduate AU Release Date 1986-03-31 Publisher Rowman & Littlefield We've got this

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