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| 10068. AIRLINE DEREGULATION AND THE LEGACY OF THE REAGAN ADMINISTRATION. Taking airline deregulation as a case in point, this paper examines the extent to which deregulation has in fact served the public interest. After reviewing the rationale for and history of regulation and examining the major criticisims of regulation and their concomittant economic theories of deregulation, the paper examines the effects of deregulation on the airline industry through the two-term Reagan administration. Deregulation's effects on industry competitiveness, air fares (pricing), labor relations, customer service, air traffic safety and industry capacity are specifically addressed and analyzed. It is the central contention of this paper that Reagan mismanaged the basically sound program of airline regulatory reform put in place during the Carter Administration. 16 pages, 29 footnotes in text, 19 bibliographic sources. |
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