Airline Deregulation

Author : Steven Morrison,Clifford Winston
Publisher : Brookings Institution Press
Page : 100 pages
File Size : 44,8 Mb
Release : 2010-12-01
Category : Business & Economics
ISBN : 0815708068

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The Economic Effects of Airline Deregulation by Steven Morrison,Clifford Winston Pdf

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.

Author : George Williams
Publisher : Routledge
Page : 180 pages
File Size : 51,8 Mb
Release : 2017-03-02
Category : Transportation
ISBN : 9781351895125

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The Airline Industry and the Impact of Deregulation by George Williams Pdf

In the fast-changing theatre of air transportation, the strategic development of airlines and the operating economics of scheduled airline services have been transformed, following the profound impact of US deregulation. The lessons gleaned from the US experience, including effective ways of constraining rivals, have quickly been adopted by carriers facing the opening up to competition of their own local markets. In addition, in response to the hunt by the successful US survivors for further international traffic, carriers have been forced to emulate certain tactics adopted by these megacarriers, virtually irrespective of their own government’s regulatory stance. The economics of the sector, particularly with regard to revenue generation, has resulted in increased market concentration. In the longer term, prospects for competition remain unclear, given the likely existence of only a small number of similarly endowed, globally alligned megacarriers. This book explores the impact of deregulation policies on key areas of the airline industry, analyzes the response of incumbent carriers to economic freedom and examines whether or not it is possible to devise a pro-competitive regulatory strategy for this sector. The author provides the reader with a clear explanation as to: ¢ why airline deregulation policies have produced a number of unanticipated outcomes; ¢ why low-cost new entrants have been unable to survive under deregulation; ¢ why the impact of airline deregulation has differed between the USA and Western Europe. Using this analysis as a basis, he explores the future development of the sector, indicating the likely future trends towards globalization. He also argues that a competitive marketplace is not a guaranteed outcome of full deregulation and suggests an alternative approach. The book is of special interest to those members engaged in the airline industry, regulatory authorities and government departments of transport and industry. It wil

Author : Kenneth Button
Publisher : Routledge
Page : 204 pages
File Size : 52,7 Mb
Release : 2017-04-21
Category : Business & Economics
ISBN : 9781351814461

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Airline Deregulation by Kenneth Button Pdf

The end of the twentieth century saw remarkable changes in the way that economic regulation was viewed. There occurred a liberalization of attitude and something of a withdrawal of the state from its interventionist role. These changes were particularly pronounced in the context of transport, where the long-standing tradition had been one of market intervention by the government. The aim of this book, first published in 1991, is to examine the outcomes of deregulation on the international airline industry, and to consider whether the experiences of market liberalization reveal any common threads. In particular, whether they reveal any universal indications of how underlying transport markets function; how management responds to new stimuli; the degree of protection needed by transport users; and nature of the transition process from regulation to liberalization.

Author : Paul S. Dempsey,Andrew R. Goetz
Publisher : Bloomsbury Publishing USA
Page : 392 pages
File Size : 53,6 Mb
Release : 1992-09-08
Category : Business & Economics
ISBN : 9780313066603

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Airline Deregulation and Laissez-Faire Mythology by Paul S. Dempsey,Andrew R. Goetz Pdf

Airline deregulation is a failure, conclude Professors Dempsey and Goetz. They assault the conventional wisdom in this provocative book, finding that the Airline Deregulation Act of 1978, championed by a profound political movement which also advocated the deregulation of the bus, trucking, rail, and pipeline industries, failed to achieve the promises of its proponents. Only now is the full impact of deregulation being felt. Airline deregulation has resulted in unprecedented industry concentration, miserable service, a deterioration in labor-management relations, a narrower margin of safety, and higher prices for the consumer. This comprehensive book begins by exploring the strategy, tactics, and egos of the major airline robber barons, including Frank Lorenzo and Carl Icahn. In separate chapters, the strengths, weaknesses, and corporate cultures of each of the major airlines are evaluated. Part Two assesses the political, economic, and social justifications for New Deal regulation of aviation, and its deregulation in the late 1970s. Part Three then addresses the major consequences of deregulation in chapters on concentration, pricing, service, and safety, and Part Four advances a legislative agenda for solving the problems that have emerged. Professors Dempsey and Goetz advocate a middle course of responsible government supervision between the dead hand of regulation of the 1930s and the contemporary evil of market Darwinism. The book will be of particular interest to airline and airport industry executives, government officials, and students and scholars in public policy, economics, business, political science, and transportation.

Author : Elizabeth E. Bailey,David R. Graham,Daniel P. Kaplan
Publisher : Unknown
Page : 468 pages
File Size : 47,9 Mb
Release : 1983
Category : Airlines
ISBN : NWU:35556021337282

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Deregulating the Airlines by Elizabeth E. Bailey,David R. Graham,Daniel P. Kaplan Pdf

Author : Dipendra Sinha
Publisher : Routledge
Page : 226 pages
File Size : 54,8 Mb
Release : 2019-07-16
Category : Transportation
ISBN : 9781351753357

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Deregulation and Liberalisation of the Airline Industry by Dipendra Sinha Pdf

This title was first published in 2001. By giving long over-due detailed consideration to airline deregulation in countries other than the US, Dipendra Sinha makes a unique contribution to the literature on airline deregulation and transport economics.

Author : John Robert Meyer,Clinton Oster
Publisher : Praeger
Page : 328 pages
File Size : 42,9 Mb
Release : 1981-07-30
Category : Business & Economics
ISBN : UOM:39015002077744

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Airline Deregulation by John Robert Meyer,Clinton Oster Pdf

This comprehensive and well-documented volume analyzes the policy-making and codification of the airline deregulation process through the 1960s and 1970s and examines the early effects of deregulation. It offers the industry both an historical perspective and a foundation for projecting future developments.

Author : Aisling J. Reynolds-Feighan
Publisher : Springer Science & Business Media
Page : 143 pages
File Size : 54,8 Mb
Release : 2012-12-06
Category : Science
ISBN : 9783642770616

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The Effects of Deregulation on U.S. Air Networks by Aisling J. Reynolds-Feighan Pdf

1. 1 A Brief History of U. S. Commercial Aviation Regulation and Deregulation The U. S. commercial aviation industry was regulated by the government for a period of 40 years, beginning in 1938 with. the passing of the Federal Aviation Act, and ending in October 1978 when President Carter signed into law the Airline Deregulation Act (ADA). There were 16 airlines in existence when the Federal Aviation Act was passed in 1938 (the so-called 'trunk lines'). The Act established the Civil Aeronautics Authority (CAA) as the industry's regulatory body. The Act was passed principally because it was felt that the free market, if allowed to continue unregulated for much longer, would put many of these firms into bankruptcy. It is possible therefore to view the CAA of 1938 (re-organized into the Civil Aeronautics Board (CAB) in 1940) as a response to a potential market failure at the time. In the 1930s, few air traffic markets could have efficiently"supported more than one airline operating in the market [Panzar (1980)]. Competition among the carriers was cut-throat, and it was felt that the near bankruptcy of the airlines in the period was caused principally by the competitive bidding system used by the Post Office in allotting airmail subsidies [Keeler (1972), Caves (1962)].

Author : Barbara Bilyk
Publisher : GRIN Verlag
Page : 12 pages
File Size : 49,6 Mb
Release : 2009-11-02
Category : Science
ISBN : 9783640463923

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Effects of Deregulation in the Aviation Industry by Barbara Bilyk Pdf

Seminar paper from the year 2009 in the subject Politics - Environmental Policy, grade: Distinction, Swinburne University of Technology, Melbourne, course: Aviation Regulation, Environment and Operation , language: English, abstract: Starting in the USA where deregulation of air transportation began in the late seventies, this trend was observable throughout Europe in the eighties and Australia at the beginning of the nineties. The major arguments for liberalisation were in general a reduction of capacity constraints and a simplified market access (Himpel & Lipp 2006, p.26). Constitutional for these ideas is the theory of contestable markets which assumes the efficiency of competition with a free market entry and market exit. Therefore deregulation processes aim at providing a better, safer and more efficient industry. However, Geoffrey Thomas (2008) among others points out that in reality the liberalisation of air transportation has caused predominantly negative outcomes which is why there should be a return to some degree of regulation. Based on Thomas’ train of thoughts, this research paper is aimed at critically evaluating the effects of liberalisation both on the aviation industry and on the consumer. The paper is therefore structured as follows: after revealing the limitations of the evaluation, positive effects of liberalisation in Europe, the United States and Australia are outlined which are then opposed to negative effects. Based on these findings, a conclusion is finally drawn.

Author : Sean Barrett
Publisher : Routledge
Page : 208 pages
File Size : 44,8 Mb
Release : 2009-05-15
Category : Business & Economics
ISBN : 9781134062904

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Deregulation and the Airline Business in Europe by Sean Barrett Pdf

Written by a longstanding expert in the field, this book examines the deregulation of the airline industry and the rise of low cost airlines, specifically the success of Ryanair as a key case study.

Author : United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Aviation
Publisher : Unknown
Page : 262 pages
File Size : 49,6 Mb
Release : 1983
Category : Aeronautics, Commercial
ISBN : STANFORD:36105045211823

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Airline Deregulation Act of 1978 by United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Aviation Pdf

Author : Paul Stephen Dempsey
Publisher : Unknown
Page : 110 pages
File Size : 52,5 Mb
Release : 1990
Category : Political Science
ISBN : STANFORD:36105043520290

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Flying Blind by Paul Stephen Dempsey Pdf

Author : Transportation Research Board
Publisher : Transportation Research Board
Page : 420 pages
File Size : 46,6 Mb
Release : 1991-02
Category : Business & Economics
ISBN : 0309051045

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Winds of Change by Transportation Research Board Pdf

Commercial aviation was one of the first industries affected by the controversial regulatory reforms that began in the 1970s. Beginning in 1975, administrative reforms of the Civil Aeronautics Board gave carriers greater freedom in discounting prices and serving new markets. The Airline Deregulation Act of 1978 removed restrictions on entry, pricing, and routes. Still unresolved in policy and practice, however, is the question of the appropriate role of government. In the interest of informing the public debate about deregulation, the Executive Committee of the Transportation Research Board convened a committee of 15 experts to review air passenger service and safety since deregulation. The findings of the committee and its recommendations are presented in this report.

Author : United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust, Monopolies, and Business Rights
Publisher : Unknown
Page : 202 pages
File Size : 44,9 Mb
Release : 1988
Category : Aeronautics, Commercial
ISBN : PURD:32754062121698

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Airline Deregulation by United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust, Monopolies, and Business Rights Pdf

Author : United States. General Accounting Office
Publisher : Unknown
Page : 100 pages
File Size : 48,5 Mb
Release : 1999
Category : Airlines
ISBN : UCBK:C066895673

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Airline Deregulation by United States. General Accounting Office Pdf