Airline Deregulation

From the Paper:

" The U.S. airline industry was deregulated de facto by the policies of the Civil Aeronautics Board from 1976 to 1978, and, subsequently, de jure by Congress with the Airline Deregulation Act of 1978, based on the rationale that market forces would provide the impetus for increased and sustained competition between carriers, which would further translate into vastly improved quality and quantity of service for the consumer, and at significantly lower cost--a process known as contestability theory. According to Borenstein, for many economists, however, deregulation was simply the rejection of some 50 years of "incredibly inefficient regulation" (53).

The Carter administration actively promoted the deregulation of the airline industry as it had the trucking industry and financial institutions. The Reagan administration's approach to.."

More papers on Airline Deregulation:

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• Term Paper # 25104 : "Airline Deregulation"

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