AVIATION POLICY: PAST AND PRESENT

For 25 years, airline deregulation has been a symbol of the trend toward less expansive government. The move from economic regulation to deregulation has delivered on its efficiency promises, and there have been significant benefits to consumers in terms of lower prices and more convenient schedules. However, airline competition, especially at hub airports, remains imperfect. The nature of these imperfections is explained better by models of oligopolistic behavior than by the contestability theory. Paradoxically for this industry, the terrorist attack of September 11, 2001, has ushered in an expanded role of government in aviation policy. This expanded role does not reinstate government intervention in airline economic decisions. Rather, it provides financial stabilization of the industry in the short run and long-term structural change in aviation security.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/00384038
• Corporate Authors:

  Southern Economic Association

  Chapel Hill, NC  United States 
• Authors:
  • Bailey, E E
• Publication Date: 2002-7

Language

• English

Media Info

• Pagination: p. 12-20
• Serial:
  • Southern Economic Journal
  • Volume: 69
  • Issue Number: 1
  • Publisher: Southern Economic Association
  • ISSN: 0038-4038
  • EISSN: 2325-8012
  • Serial URL: http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)2325-8012

Subject/Index Terms

• TRT Terms: Airlines; Aviation safety; Competition; Deregulation; Economic and social factors; General aviation; Hub and spoke systems; Transportation policy
• Subject Areas: Aviation; Policy;

Filing Info

• Accession Number: 00939535
• Record Type: Publication
• Files: TRIS
• Created Date: Mar 29 2003 12:00AM