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U.S. airlines have lost nearly $60 billion (2009 dollars) in domestic markets since deregulation, most of it in the last decade. More than 30 years after domestic airline markets were deregulated, the dismal financial record is a puzzle that challenges the economics of deregulation. I examine...
Persistent link: https://www.econbiz.de/10013130786
Following a brief review of the U.S. domestic airline industry under regulation (1938-1978), we study the changes that …
Persistent link: https://www.econbiz.de/10012775910