Abstract
A key element in determining the degree of inherent contestability of markets is the presence and extent of entry barriers. In US aviation markets, the entry barriers historically imposed by the Civil Aeronautics Board have been largely removed. However, it is thought that other entry barriers — barriers caused by historically determined feed advantages and airport access restrictions — may still prevent airline markets from being contestable. This chapter examines some recent evidence on the extent to which such barriers are currently significant in US aviation markets. The work represents a second effort at examining the degree of contestability of aviation markets during the transition to deregulation.1
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Notes and References
William J Baumol, John C. Panzar and Robert D. Willig, Contestable Markets and the Theory of Industry Structure, (1981).
See, for example, George Douglas and James Miller (1974) Economic Regulation of Domestic Air Transport (Washington: Brookings Institution) and William A. Jordan (1972) Airline Regulation in America: Effects and Imperfections, ( Baltimore: Johns Hopkins Press, 1972 ).
R. Pulsifer, L. S. Keyes, P. Eldridge, J. A. McMahon and W. L. Demory (1975) Report of the CAB Special Staff on Regulatory Reform ( US Civil Aeronautics Board, July).
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© 1983 Jörg Finsinger
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Bailey, E.E., Kaplan, D.P., Sibley, D.S. (1983). On the Contestability of Airline Markets: Some Further Evidence. In: Finsinger, J. (eds) Economic Analysis of Regulated Markets. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-17099-9_3
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DOI: https://doi.org/10.1007/978-1-349-17099-9_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-17101-9
Online ISBN: 978-1-349-17099-9
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