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@techreport{NBERw13452,
 title = "How Airline Markets Work...Or Do They? Regulatory Reform in the Airline Industry",
 author = "Borenstein, Severin and Rose, Nancy L",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "13452",
 year = "2007",
 month = "September",
 doi = {10.3386/w13452},
 URL = "http://www.nber.org/papers/w13452",
 abstract = {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) possible market power of dominant airlines, and (c) congestion and investment shortfall in the airport and air traffic infrastructure.},
}