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The Evolution of US Airline Competition
Abstract
Studies by academic economists were a significant force in the movement towards deregulation of the domestic airline industry in the early 1970s (Levine, 1965; Jordan, 1970; Keeler, 1972; Douglas and Miller, 1974). During the critical 1977-78 period in which deregulation was imposed first de facto by the Civil Aeronautics Board (CAB) and then de jure by Congress, the chairman and vice-chairman of the CAB were economists. For the 14 years since deregulation, economists have continued intensive study of the industry, in part because of the unusual availability of reliable firm-and transaction-level data and in part because of the rare opportunity to observe an industry as it evolves from strict economic regulation to fairly unimpeded competition and strategic behavior.
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“There exists an active literature that aims to understand the rationales -and welfare implications -behind these various strategic actions that were ultimately set in motion by enhanced competitive forces leading to, among others, lower fares, better services, increased traffic, and more competitive carriers (e.g., Borenstein (2005) ; Clougherty and Zhang (2009) ; Fu et al. (2010) ; Morrison and”
From Status quo and challenges in air transport management research (2024) · cites this paper as Borenstein (2005)
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Status quo and challenges in air transport management research
Wandelt, S., Antoniou, C., Birolini, S., Delahaye, D., Dresner, M., Fu, X., Gössling, S., Hong, S.-J., Odoni, A. R., Zanin, M., et al. (2024) · Journal of the Air Transport Research Society · doi:10.1016/j.jatrs.2024.100014 · Cited by 67
Metadata
- Authors
- Borenstein, S.
- Corresponding author
- Severin Borenstein
- ORCID
- Severin Borenstein
- Venue
- Transport Economics
- Publisher
- Routledge
- Published
- 2005-11-01
- Pages
- 409-436
- OpenAlex
- W3116573998
- Cited by
- 49
- References
- 0
- Citations by year
- 2021: 1 · 2020: 2 · 2019: 4 · 2018: 3 · 2016: 1 · 2015: 5 · 2014: 4 · 2013: 2 · 2012: 1
- FWCI
- 10.11
- Type
- book chapter
- Language
- en
- Open access
- closed
- Locations
- Routledge eBooks (publishedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Aviation Industry Analysis and Trends
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Merger and Competition Analysis
- Social Sciences › Transportation › Transport and Economic Policies
- Keywords
- airline industry, airline deregulation, airline competition, economic regulation, Civil Aeronautics Board, airline market structure, strategic behavior
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