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An Analysis Of The Effect Of Airline Deregulation Upon The Demand For Intercity Bus Service, Daniel G. Greenberg

Honors Papers

This brief excerpt, although not particularly fascinating in its revelation, is exemplary of a far more complex aspect of modern American economic policy. During the 1930's, American regulatory fervor was at its peak. Fear of a repeated economic upheaval, like that of 1929, compounded with the exorbitant profits earned by the robber barons spawned government intervention. Consequently, regulation was imposed upon numerous industries, including air and bus transport.

Four decades later restrictions have been lifted not only in the airline industry but in the intercity bus industry as well. These changes are part of the new laissez faire govermnent of …