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Airline Fleet Composition and Deregulation

JOHN HOWARD BROWN
Review of Industrial Organization
Vol. 8, No. 4 (August 1993), pp. 435-449
Published by: Springer
Stable URL: http://www.jstor.org/stable/41798450
Page Count: 15
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Airline Fleet Composition and Deregulation
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Abstract

Airline responses to deregulation have been analyzed using a variety of models. This paper presents and empirically tests a model of airline behavior which explicitly treats hub-and-spoke route structures which emerged after deregulation. The change to hub-and-spoke route structure implies an alteration of airline fleet use and acquisition of aircraft after deregulation. The empirical section of this paper investigates the nature of these changes using a data panel for airlines from 1970 to 1989. The changes observed in airline fleet use and composition indicate that the primary distortion of regulation on aircraft was inhibiting their use over efficient networks.

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