TY  - JOUR
AU  - Borenstein, Severin
AU  - Rose, Nancy L
TI  - How Airline Markets Work...Or Do They? Regulatory Reform in the Airline Industry
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 13452
PY  - 2007
Y2  - September 2007
DO  - 10.3386/w13452
UR  - http://www.nber.org/papers/w13452
L1  - http://www.nber.org/papers/w13452.pdf
N1  - Author contact info:
Severin Borenstein
Haas School of Business
University of California, Berkeley
Berkeley, CA 94720-1900
Tel: 510/642-3689
E-Mail: severinborenstein@berkeley.edu

Nancy L. Rose
Department of Economics, E52-420
MIT
77 Massachusetts Avenue
Cambridge, MA  02139
Tel: 617-253-8956
E-Mail: nrose@mit.edu
M1  - published as Severin Borenstein, Nancy L. Rose. "How Airline Markets Work…or Do They? Regulatory Reform in the Airline Industry," in Nancy L. Rose, editor, "Economic Regulation and Its Reform: What Have We Learned?" University of Chicago Press (2014)

M3  - presented at "Economic Regulation Conference", September 9-10, 2005
AB  - 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.
ER  -