Transport policy has dramatically changed over the last ten years
with major regulatory reforms and privatisation of transport
enterprises. Part 1 presents an authoritative statement of the
theoretical arguments for and against regulatory reform, the
changing political scene in North America and the different
mechanisms that can be used to return state-owned monopolies to the
private sector. Part 2 presents the empirical evidence on ten years
of airline deregulation in the United States and this review is
matched by an assessment of the different situation in Europe where
national governments are under pressure to follow the same path.
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