This Paper has been prepared as a submission to the Independent Review of Economic Regulation of Domestic Aviation. The approach followed in the submission has two parts. The first presents an analysis of the structure and performance of the airline industry under the existing system of economic regulation. The second considers the economic theory of industry structure and the general rationale for regulation and how they might be applied to the airline industry. From the performance analysis it is possible to identify areas in which performance might be improved and the theoretical considerations provide insights into possible ways in which that improvement might be achieved.
- Competition and Regulation in Domestic Aviation: Submission to Independent Review