Taking Stock of Air Liberalization

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Taking stock of air liberalization is about technology, economy, and policy (TEP) in the airline industry. The first part looks at the record, while the second focuses on specific impacts of policies. Policy formulation and the required tools are also discussed in this context. The book ends with perspectives in future market structure and public policy. The competition among airlines is rapidly spreading to the competition among airports, and the difficult regulation of these strategic spatial monopolies is now attracting research activity. The next discussion in the airline industry will be the role of airports.