The Evolution of the Airline Industry

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9780815758433: The Evolution of the Airline Industry


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, deregulation changed everything. A new fare structure emerged; travelers faced a variety of fares and travel restrictions; and the offerings changed frequently. In the last fifteen years, the airline industry's earnings have fluctuated wildly. New carriers entered the industry, but several declared bankruptcy, and Eastern, Pan Am, and Midway were liquidated. As financial pressures mounted, fears have arisen that air safety is being compromised by carriers who cut costs by skimping on maintenance and hiring inexperienced pilots. Deregulation itself became an issue with many critics calling for a return to some form of regulation.


In this book, Steven A. Morrison and Clifford Winston assert that all too often public discussion of the issues of airline competition, profitability, and safety take place without a firm understanding of the facts. The policy recommendations that emerge frequently ignore the long-run evolution of the industry and its capacity to solve its own problems. This book provides a comprehensive profile of the industry as it has evolved, both before and since deregulation. The authors identify the problems the industry faces, assess their severity and their underlying causes, and indicate whether government policy can play an effective role in improving performance. They also develop a basis for understanding the industry's evolution and how the industry will eventually adapt to the unregulated economic environment.


Morrison and Winston maintain that although the airline industry has not reached long-run equilibrium, its evolution is proceeding in a positive direction—one that will preserve and possibly enhance the benefits of deregulation to travelers and carriers. They conclude that the federal government's primary policy objective should be to expand the benefits from unregulated market forces to international travel.


Brookings Review article also available


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From the Back Cover:

'This book presents a remarkable broad and objective survey of the state of the airline industry. Many analytical techniques not previously applied to airline date are used, as well as some remarkably original and intriguing databases. The resulting analyses are interesting, original, provocative, and technically well executed.'John R. Meyer

About the Author:



Clifford Winston is a senior fellow in Economic Studies at the Brookings Institution. Among his previous books are Deregulation of Network Industries: What's Next? coedited with Sam Peltzman (AEI-Brookings, 2000), and Alternate Route

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1.

Steven Morrison, Clifford Winston
Editorial: BROOKINGS INSTITUTION, United States (1995)
ISBN 10: 081575843X ISBN 13: 9780815758433
Nuevos Paperback Cantidad: 1
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Descripción BROOKINGS INSTITUTION, United States, 1995. Paperback. Estado de conservación: New. Language: English . Brand New Book. 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, deregulation changed everything. A new fare structure emerged; travelers faced a variety of fares and travel restrictions; and the offerings changed frequently. In the last fifteen years, the airline industry s earnings have fluctuated wildly. New carriers entered the industry, but several declared bankruptcy, and Eastern, Pan Am, and Midway were liquidated. As financial pressures mounted, fears have arisen that air safety is being compromised by carriers who cut costs by skimping on maintenance and hiring inexperienced pilots. Deregulation itself became an issue with many critics calling for a return to some form of regulation.In this book, Steven A. Morrison and Clifford Winston assert that all too often public discussion of the issues of airline competition, profitability, and safety take place without a firm understanding of the facts. The policy recommendations that emerge frequently ignore the long-run evolution of the industry and its capacity to solve its own problems. This book provides a comprehensive profile of the industry as it has evolved, both before and since deregulation. The authors identify the problems the industry faces, assess their severity and their underlying causes, and indicate whether government policy can play an effective role in improving performance. They also develop a basis for understanding the industry s evolution and how the industry will eventually adapt to the unregulated economic environment.Morrison and Winston maintain that although the airline industry has not reached long-run equilibrium, its evolution is proceeding in a positive direction one that will preserve and possibly enhance the benefits of deregulation to travelers and carriers. They conclude that the federal government s primary policy objective should be to expand the benefits from unregulated market forces to international travel.Brookings Review article also available. Nº de ref. de la librería AAN9780815758433

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2.

Steven Morrison, Clifford Winston
Editorial: BROOKINGS INSTITUTION, United States (1995)
ISBN 10: 081575843X ISBN 13: 9780815758433
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Descripción BROOKINGS INSTITUTION, United States, 1995. Paperback. Estado de conservación: New. Language: English . This book usually ship within 10-15 business days and we will endeavor to dispatch orders quicker than this where possible. Brand New Book. 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, deregulation changed everything. A new fare structure emerged; travelers faced a variety of fares and travel restrictions; and the offerings changed frequently. In the last fifteen years, the airline industry s earnings have fluctuated wildly. New carriers entered the industry, but several declared bankruptcy, and Eastern, Pan Am, and Midway were liquidated. As financial pressures mounted, fears have arisen that air safety is being compromised by carriers who cut costs by skimping on maintenance and hiring inexperienced pilots. Deregulation itself became an issue with many critics calling for a return to some form of regulation.In this book, Steven A. Morrison and Clifford Winston assert that all too often public discussion of the issues of airline competition, profitability, and safety take place without a firm understanding of the facts. The policy recommendations that emerge frequently ignore the long-run evolution of the industry and its capacity to solve its own problems. This book provides a comprehensive profile of the industry as it has evolved, both before and since deregulation. The authors identify the problems the industry faces, assess their severity and their underlying causes, and indicate whether government policy can play an effective role in improving performance. They also develop a basis for understanding the industry s evolution and how the industry will eventually adapt to the unregulated economic environment.Morrison and Winston maintain that although the airline industry has not reached long-run equilibrium, its evolution is proceeding in a positive direction one that will preserve and possibly enhance the benefits of deregulation to travelers and carriers. They conclude that the federal government s primary policy objective should be to expand the benefits from unregulated market forces to international travel.Brookings Review article also available. Nº de ref. de la librería BZE9780815758433

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Steven Morrison
Editorial: Brookings Institution (1994)
ISBN 10: 081575843X ISBN 13: 9780815758433
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Descripción Brookings Institution, 1994. PAP. Estado de conservación: New. New Book. Shipped from US within 10 to 14 business days. THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000. Nº de ref. de la librería IQ-9780815758433

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Steven Morrison, Clifford Winston
Editorial: BROOKINGS INSTITUTION, United States (1995)
ISBN 10: 081575843X ISBN 13: 9780815758433
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The Book Depository US
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Descripción BROOKINGS INSTITUTION, United States, 1995. Paperback. Estado de conservación: New. Language: English . Brand New Book. 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, deregulation changed everything. A new fare structure emerged; travelers faced a variety of fares and travel restrictions; and the offerings changed frequently. In the last fifteen years, the airline industry s earnings have fluctuated wildly. New carriers entered the industry, but several declared bankruptcy, and Eastern, Pan Am, and Midway were liquidated. As financial pressures mounted, fears have arisen that air safety is being compromised by carriers who cut costs by skimping on maintenance and hiring inexperienced pilots. Deregulation itself became an issue with many critics calling for a return to some form of regulation.In this book, Steven A. Morrison and Clifford Winston assert that all too often public discussion of the issues of airline competition, profitability, and safety take place without a firm understanding of the facts. The policy recommendations that emerge frequently ignore the long-run evolution of the industry and its capacity to solve its own problems. This book provides a comprehensive profile of the industry as it has evolved, both before and since deregulation. The authors identify the problems the industry faces, assess their severity and their underlying causes, and indicate whether government policy can play an effective role in improving performance. They also develop a basis for understanding the industry s evolution and how the industry will eventually adapt to the unregulated economic environment.Morrison and Winston maintain that although the airline industry has not reached long-run equilibrium, its evolution is proceeding in a positive direction one that will preserve and possibly enhance the benefits of deregulation to travelers and carriers. They conclude that the federal government s primary policy objective should be to expand the benefits from unregulated market forces to international travel.Brookings Review article also available. Nº de ref. de la librería AAN9780815758433

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Steven Morrison; Clifford Winston
ISBN 10: 081575843X ISBN 13: 9780815758433
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Descripción Estado de conservación: New. Brand New. Nº de ref. de la librería 081575843X

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Morrison, Steven
Editorial: Brookings Institution Press (2017)
ISBN 10: 081575843X ISBN 13: 9780815758433
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Descripción Brookings Institution Press, 2017. Paperback. Estado de conservación: New. Never used! This item is printed on demand. Nº de ref. de la librería 081575843X

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Morrison, Steven
Editorial: Brookings Institution Press 10/1/1995 (1995)
ISBN 10: 081575843X ISBN 13: 9780815758433
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Descripción Brookings Institution Press 10/1/1995, 1995. Paperback or Softback. Estado de conservación: New. The Evolution of the Airline Industry. Book. Nº de ref. de la librería BBS-9780815758433

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Clifford Winston
Editorial: Brookings Institution Press
ISBN 10: 081575843X ISBN 13: 9780815758433
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Descripción Brookings Institution Press. Paperback. Estado de conservación: New. Paperback. 184 pages. Dimensions: 8.9in. x 5.9in. x 0.6in.This book presents a remarkable broad and objective survey of the state of the airline industry. Many analytical techniques not previously applied to airline date are used, as well as some remarkably original and intriguing databases. The resulting analyses are interesting, original, provocative, and technically well executed. John R. Meyer This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Paperback. Nº de ref. de la librería 9780815758433

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Steven Morrison, Clifford Winston
Editorial: Brookings Institution 1994-12-01 (1994)
ISBN 10: 081575843X ISBN 13: 9780815758433
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Descripción Brookings Institution 1994-12-01, 1994. Paperback. Estado de conservación: New. Nº de ref. de la librería NU-ING-22290845

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Steven A. Morrison
Editorial: EDS Publications Ltd. (Consignment)
ISBN 10: 081575843X ISBN 13: 9780815758433
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Descripción EDS Publications Ltd. (Consignment). Paperback. Estado de conservación: New. New copy - Usually dispatched within 2 working days. Nº de ref. de la librería B9780815758433

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