... which it defines as including service to and within U.S. possessions as well as among the fifty states of the United States.)1 Another form of economic regulation in the CAB era was control by that board over airline rates. Today, regulation of domestic airline rates has been virtually eliminated, while regulation of international rates is a function of DOT. The topic of rates will be covered in Chapter 6. REGULATORY REFORM Later chapters will examine the details of the deregulation process and the economic thinking that gave rise to the deregulation movement. Let us note here, however, the timing of the steps by which it occurred. Even before enactment of the Airline Deregulation Act of 1978, a majority of the five members of the CAB had begun to make decisions in accordance with the philosophy behind the deregulation movement. deregulation era that escaped CAB controls altogether by confining their services ...

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