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 some of the most common explanations among industry participants …

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 sustainability of competition and volatility of airline profits, (b …

the market. In particular, we look at whether speed of privatization, legal institutions or initial conditions are more … endogeneity, confused issues of speed and level of privatization, and did not face up to the problems of multicollinearity. Our … results suggest that, contrary to the earlier literature, the speed of privatization is negatively associated with growth, but …

We have conducted the first survey on management practices in transition countries. We found that Central Asian … transition countries, such as Uzbekistan and Kazakhstan, have on average very poor management practices. Their average scores are … Poland and Lithuania operate with management practices that are only moderately worse than those of western European …

This paper studies the cycles of nationalization and privatization in resource-rich economies. We discuss available … evidence on the drivers and consequences of privatization and nationalization, review the existing literature, and present … determinants of the observed cycles of privatization and nationalization, and is consistent with a variety of observed phenomena …

Airline transport generates a growing share of global greenhouse gas emissions but as of late 2016, this sector has not … have invested in human and physical capital and an inventory of parts to maintain these vehicles. Each airline chooses …

We estimate a model of service choice and price competition in airline markets, allowing for the carriers that provide …

. The turmoil in the U.S. airline industry has triggered much of the public policy discussion, as some observers have argued … and their rivals. The data suggest that an airline's prices typically decline somewhat before it files for bankruptcy … bankrupt airline lower their prices, however, nor that they lose passengers to their bankrupt rival. These results indicate …