A Book, the Application, and the Outcomes: How Right Was Alfred Kahn in The Economics of Regulation about the Effects of the Deregulation of the US Domestic Airline Market?

摘要: This article is concerned with the foresights that Alfred Kahn had when he led deregulation of US passenger airline industry, and in particular role ideas his Economics Regulation played actions. was a reluctant deregulator interstate industry. The 1978 Airline Deregulation Act, which “fathered,” however, not only ushered wave other similar actions both within outside transportation United States, but also provided demonstration effect resulted more general rolling back microeconomic regulation across globe. head Civil Aeronautics Board for eighteen months or so, brought about considerable changes to industry and, through its spread effects, all modes transportation. Here we focus on degree actually foresaw, at least generally predicted, what outcome would be. While himself acknowledged market outcomes are, almost by definition, unpredictable, clearly some results look thought happen, did whether own short term ex post assessment has been durable accuracy.