Can financial markets aggregate information dispersed among traders and allow traders to achieve their target inventories? To examine this question, we study a model of a double auction among finitely many traders who are all rational, strategic, risk averse, and informed about the value of a...

1. Introduction -- 2. The evolution of air transport -- 3. Deregulation, liberalization and re-regulation -- 4. American and European competition law and policy -- 5. The development of tactical and strategic alliances : progress and challenges -- 6. Final thoughts.