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Abstract

Richard Pryke’s paper is a valuable contribution to the consideration of the lessons of US airline deregulation for Europe. He offers us two major conclusions in this paper: ‘However, it seems likely that the net benefits from liberalisation in Europe will be smaller than the gains from deregulation in the United States’ and ‘If liberalisation is not to turn out a monopolistic damp squib, it is vital that governments and the EC should do everything possible to foster competition and make airline routes as contestable as possible.’

Keywords

Market Entry Price Discrimination European Economic Community Market Entrant Price Collusion 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

  1. Bailey, Elizabeth, E. and Jeffrey, R. Williams (1988) ‘Sources of Rent in the Deregulated Airline Industry’, Journal of Law and Economics, 31, April, pp.173–202.CrossRefGoogle Scholar
  2. Barrett, Sean D. (1987) Flying High, Airline Price and European Regulation (Aldershot: Avebury).Google Scholar
  3. Civil Aviation Authority (1983) A Comparison between European and United States Air Fares (London: CAA).Google Scholar
  4. European Economic Community (1981), Scheduled Passenger Air Fares in the EEC, Brussels.Google Scholar
  5. Keeler, T. (1991) ‘Airline Deregulation and Market Performance’, Chapter 5 in this volume.Google Scholar
  6. Kahn, A (1988) ‘Surprises of Airline Deregulation’, American Economic Review, 78, pp. 316–22.Google Scholar
  7. Levine, M. (1987) ‘Airline Competition in Deregulated Markets: Theory, Firms Strategy and Public Policy’, Yale Journal on Regulation, 4, pp.393–494.Google Scholar
  8. Stigler, G. (1971) ‘The Theory of Economic Regulation’, Bell Journal of Economics, 2, pp. 3–21.CrossRefGoogle Scholar

Copyright information

© David Banister and Kenneth Button 1991

Authors and Affiliations

  • Sean Barrett

There are no affiliations available

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