The end of the twentieth century saw remarkable changes in the way
that economic regulation was viewed. There occurred a
liberalization of attitude and something of a withdrawal of the
state from its interventionist role. These changes were
particularly pronounced in the context of transport, where the
long-standing tradition had been one of market intervention by the
government. The aim of this book, first published in 1991, is to
examine the outcomes of deregulation on the international airline
industry, and to consider whether the experiences of market
liberalization reveal any common threads. In particular, whether
they reveal any universal indications of how underlying transport
markets function; how management responds to new stimuli; the
degree of protection needed by transport users; and nature of the
transition process from regulation to liberalization.
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