Gomez-Ibanez, Jose A.; Oster, Clinton V.; Pickrell, Don H. - In: Journal of Policy Analysis and Management 3 (1983) 1, pp. 74-89
The recent disastrous financial performance of the airline industry is probably thought by many to indicate that deregulation is not workable. But simulations suggest that the current recession and the 1979 fuel price increase are primarily to blame. Deregulation has caused transitional losses...
