Abstract
Much has been written about the effects of regulatory change in the US aviation sector. Keeler’s paper does not simply provide a valuable service in bringing together much of this disparate material but also offers an economic framework within which one can attempt to evaluate the overall consequences of the rather dramatic changes which have occurred. Further, it provides not only an extension but also a somewhat different perspective to the much-cited, more institutional and management science-oriented analysis of the situation produced by Levine (1987). It is also a very pragmatic analysis, less concerned with defining the ideal than with essentially conducting a cost-benefit analysis of the impacts of the 1978 Airline Deregulation Act.
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References
Button, K.J. (1989) ‘Liberalizing the Canadian Scheduled Aviation Markets’, Fiscal Studies, 10, pp. 19–52.
Button, K.J. and D. Swann (1989) ‘European Community Airlines — Deregulation and its Problems’, Journal of Common Market Studies, 27, pp.259–82.
Levine, M.E. (1987) ‘Airline Competition in Deregulated Markets; Theory, Firm Strategy, and Public Policy’, Yale Journal on Regulation, 4, pp.393–494.
Meyer, J.R. and W.B. Tye (1985) ‘The Regulatory Transition’, American Economic Review, Papers and Proceedings, 75, pp. 214–21.
Meyer, J.R. and W.B. Tye (1988) ‘Towards Achieving Workable Competition in Industries Undergoing a Transition to Deregulation: A Contractual Equilibrium Approach’, Yale Journal of Regulation, 5, pp. 273–97.
Sosnick, S.H. (1958) ‘A Critique of Concepts of Workable Competition’, Quarterly Journal of Economics, 62, pp. 380–423.
Swann, D., D.P. O’Brien, W.P.J. Maunder and W.S. Howe (1974) Competition in British Industry; Restrictive Practices Legislation in Theory and Practice (London: George Allen & Unwin).
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© 1991 David Banister and Kenneth Button
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Button, K. (1991). Discussion. In: Banister, D., Button, K. (eds) Transport in a Free Market Economy. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-11439-9_9
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DOI: https://doi.org/10.1007/978-1-349-11439-9_9
Publisher Name: Palgrave Macmillan, London
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