American Economic Review
ISSN 0002-8282 (Print) | ISSN 1944-7981 (Online)
After Airline Deregulation and Alfred E. Kahn
American Economic Review
vol. 102,
no. 3, May 2012
(pp. 376–80)
Abstract
Among Alfred E. "Fred" Kahn's many accomplishments, none is better remembered than his pivotal role in deregulation of the US airline industry. Kahn's commitment to marry core microeconomic principles with institutional analysis, willingness as Chairman of the Civil Aeronautics Board to step outside the "regulation as usual box," and appealing wit made him the face of the Airline Deregulation Act of 1978, one of the great microeconomic policy triumphs. Lessons drawn from Kahn's work and the airline deregulation experience remain instructive for current academic research and regulatory policy design across broad sectors of the economy.Citation
Rose, Nancy L. 2012. "After Airline Deregulation and Alfred E. Kahn." American Economic Review, 102 (3): 376–80. DOI: 10.1257/aer.102.3.376JEL Classification
- L93 Air Transportation
- L51 Economics of Regulation
- L98 Industry Studies: Utilities and Transportation: Government Policy