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
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: borenste@haas.berkeley.edu

Nancy L. Rose
National Bureau of Economic Research
1050 Massachusetts Avenue
Cambridge, MA  02138
Tel: 617-613-1246
E-Mail: nrose@mit.edu
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  -