Deregulated airline markets as open access commons

Brander, John R G; Cook, B.A.; Rowcroft, J E

doi:10.1007/bf01705976

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1996

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“…Prior to the Airline Deregulation Act of 1978, US airlines faced a highly regulated domestic industry with significant barriers to entry and an industry return on investment competitive with, if not exceeding, other US industries[1]. Due to regulatory restrictions on route expansion and gate access, growth in sales and profits was largely based on capturing competitors’ customers through departure frequency and image differentiation[2].…”

Section: Introductionmentioning

confidence: 99%