Economic regulation of domestic air transport;: Theory and policy
George W. Douglas, James C. Miller
Abstract
George W. Douglas, James C. Miller
Abstract
Short historical summary of regulations of U.S. domestic airlines. Examination of the present status of regulations. Establishment of a model describing how air transportation is operating under these regulations. Using this model a comparison is made of air transportation as it is against what it would be if economic efficacy was its aim and driving force. A critique of tariffs, pricing and regulations is made. Suggestions for better returns are given.
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Short historical summary of regulations of U.S. domestic airlines. Examination of the present status of regulations. Establishment of a model describing how air transportation is operating under these regulations. Using this model a comparison is made of air transportation as it is against what it would be if economic efficacy was its aim and driving force. A critique of tariffs, pricing and regulations is made. Suggestions for better returns are given.
Key concepts: Air transport, Public economics, Transport policy, Transport economics, Economics, Business, Transport engineering, Engineering