THE TRAVEL AGENT, THE IATA CARTEL, AND CONSUMER WELFARE

This paper describes the evolution and economics of the travel agent industry. Comments are made on the potential dangers of deregulation whenever correlative regulations remain extant. A naive deregulation proposal runs counter to the economic interests of the traveling public. This paper also analyzes the different payment mechanisms from the perspective of consumer welfare, in addition to their financial impact upon carriers and agents. The Agency Matters hearing raises again the question of the appropriate standards by which the Civil Aeronautics Board (CAB) is to integrate the principles of antitrust with its own regulatory schema. The last section of this paper discusses this issue and proposes a benchmark for dovetailing antitrust with CAB regulations.

  • Availability:
  • Corporate Authors:

    Southern Methodist University

    School of Law
    Dallas, TX  United States  75222
  • Authors:
    • Elzinga, K G
  • Publication Date: 1978

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 00195748
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jul 31 1979 12:00AM