Critics continue to opine that the U.S. airline industry needs to be re-regulated. In a sense, the formidable issues facing the industry have generated an odd sentimentality about resurrecting economic regulation of the airlines. Some critics believe that government needs to play a more active role in determining how airlines price and distribute their product, and even where, how often and what size airplanes they should fly. My colleagues and I do not share that opinion. The ...

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