Published at Monday, April 01st, 2019 - 05:27:36 AM. Type of airline. By Amalasand Horn.
Passengers and government alike increasingly decried regulation during the mid-1970s citing the examples set by Air California PSA Southwest and other intrastate airlines as demonstrable proof that deregulation could produce mutual airline- and passenger-benefit. At least that was the theory.
Regulation by definition substitutes the judgment of the regulator for that of the marketplace according to Elizabeth E. Bailey David R. Graham and Daniel P. Kaplan in their book Deregulating the Airlines (The MIT Press 1985 p. 96).
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