The durability of the transportation capital stock slows down the pace of decarbonization since newer vintages feature cutting-edge technology. If older vintages were to be retired sooner, the social cost of travel would decline. This paper analyzes and explores the viability of a potential...

The deregulation of civil aviation in the United States has led to customers being offered a wider choice of flights at lower fares, whereas deregulation within the european Community is still a distant prospect. Chris Redston examines the proposals of the European Commission for liberalization...

Whereas the Airline Deregulation Act of 1978 put an end to airline subsidization in the USA, things look quite different in the European Union: after more than a decade of discussions about liberalization and the advent of the single market, most European routes are still monopolies or duopolies...

After the shipping industry it is now the turn of international civil aviation to be increasingly drawn into the North-South conflicts and controversies. The developing countries stated clearly at several conferences in the past year that they consider themselves internationally disadvantaged in...

The airports in the Federal Republic of Germany have for years shown a rate of traffic increase far exceeding that of any other branch of the transport and communications industry. The result of this trend are adjustment problems particularly as far as regional air traffic, airport planning and...

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...

This study attempts to explain the general pattern of aircraft hijacking in the U.S. between 1361 and 1976, the reasons for the dramatic reduction in hijackings after 1972, and the costs and benefits of regulation instituted in 1973 that required mandatory preboarding searches of all passengers...

Following a brief review of the U.S. domestic airline industry under regulation (1938-1978), we study the changes that have occurred in pricing, service, and competition in the 28 years since deregulation. We then examine some of the major public policy issues facing the industry: (a) the...