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After Airline Deregulation and Alfred E. Kahn

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  • Nancy L. Rose

Abstract

Among Alfred E. "Fred" Kahn's many accomplishments, none is better remembered than his pivotal role in deregulation of the US airline industry. Kahn's commitment to marry core microeconomic principles with institutional analysis, willingness as Chairman of the Civil Aeronautics Board to step outside the "regulation as usual box," and appealing wit made him the face of the Airline Deregulation Act of 1978, one of the great microeconomic policy triumphs. Lessons drawn from Kahn's work and the airline deregulation experience remain instructive for current academic research and regulatory policy design across broad sectors of the economy.

Suggested Citation

  • Nancy L. Rose, 2012. "After Airline Deregulation and Alfred E. Kahn," American Economic Review, American Economic Association, vol. 102(3), pages 376-380, May.
  • Handle: RePEc:aea:aecrev:v:102:y:2012:i:3:p:376-80
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    File URL: http://www.aeaweb.org/articles.php?doi=10.1257/aer.102.3.376
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    References listed on IDEAS

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    1. Jean-Jacques Laffont & Jean Tirole, 1993. "A Theory of Incentives in Procurement and Regulation," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262121743, January.
    2. Kahn Alfred E., 2008. "Reflections of an Unwitting 'Political Entrepreneur'," Review of Network Economics, De Gruyter, pages 1-14.
    3. Kahn, Alfred E, 1979. "Applications of Economics to an Imperfect World," American Economic Review, American Economic Association, pages 1-13.
    4. David A. Matsa, 2010. "Capital Structure as a Strategic Variable: Evidence from Collective Bargaining," Journal of Finance, American Finance Association, vol. 65(3), pages 1197-1232, June.
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    Cited by:

    1. Tretheway, Mike & Andriulaitis, Robert, 2015. "What do we mean by a level playing field in international aviation?," Transport Policy, Elsevier, pages 96-103.

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