The Evolution of the Airline Industry

by Clifford Winston and Steven A. Morrison

Book Overview

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Since the enactment of the Airline Deregulation Act in 1978, questions that had been at the heart of the ongoing debate about the industry for eighty years gained a new intensity: Is there enough competition among airlines to ensure that passengers do not pay excessive fares? Can an unregulated airline industry be profitable? Is air travel safe?

While economic regulation provided a certain stability for both passengers and the industry,...

• Format: Paperback
• Language: English
• ISBN: 081575843X
• ISBN13: 9780815758433
• Release Date: October 1995
• Publisher: Rlpg/Galleys
• Length: 184 Pages
• Weight: 0.65 lbs.
• Dimensions: 0.5" x 6.0" x 9.0"

Customer Reviews

Excellent expository thesis

I will admit that this book is not for everyone. The casual airline enthusiast may have some difficulty sifting through the econometrics. This book is written more for academics. However, the concise, clear, well-written style leads me to no other conclusion but to rate this as an excellent book. The hypotheses are clear. The data is explained. Economic reasoning is used to posit their point. If you wish to know how economists look at and measure deregulation, then this book is a good choice. Indispensable for grad students in economics studying transporattion and/or regulatory issues.

I highly recommend this book it is very well researched.

This is the Author's second book on the subject, and both books are excellent (they have written numerous journal articles on the subject). Their treatment of air fares and hubs is particularly good. Their bottom line findings: deregulation has increased economic welfare, and the financial turbulence the industry faced in the early 90 was the result of an oversupply of equipment (the major carriers didn't forecast the impending recession and consequently ordered too many planes). I highly recommend this book it is very well researched.