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.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
