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THE US AIRLINE DEREGULATION AND ITS CONSEQUENCES

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Abstract (2. Language): 
Since late 1960's there has been an ongoing debate among proponents of continuing deregulation, regulatory reform and re-regulation. Since the impact of deregulation on the overall economy is more difficult to ascertain, it is not easy to assess the successes and failures of deregulation. Understood most broadly, as government intervention in social activity, regulation is pervasive, embracing the entire array of criminal, tort, contract, property, labor, securities, antitrust, and environmental controls.1 Deregulation, in this sense, is commonly understood as the removal or the reduction of comprehensive controls over particular industries.
605-615