Background
Bailey, Elizabeth Ellery was born on November 26, 1938 in New York City. Daughter of Irving Woodworth and Henrietta Dana (Skinner) Raymond.
( The airline industry has been buffeted by the forces of...)
The airline industry has been buffeted by the forces of deregulation since the mid-1970s. Many new firms have entered, some with different price and operating philosophies and some of these have thrived. Other airlines have gone bankrupt. Overall the real cost of air travel has declined considerably; however, the effects have varied dramatically from market to market. Exactly how was this massive experiment envisioned and planned? How has it worked? And how will it work in the long run?Deregulating the Airlines narrates and analyzes the decisions taken by the Civil Aeronautics Board during the transition to deregulation and the reasoning behind the Airline Deregulation Act of 1978. It provides many comparisons of the industry before and after deregulation and uses those data to test the various hypotheses that scholars and politicians have advanced about how markets would behave if regulation were removed. Its findings provide information on both the demand and the cost side that will be important in molding the long-run equilibrium of the industry, and it discusses how quickly the industry is moving toward that equilibrium.For policymakers and students of regulation in particular, this study provides a unique case for contrasting the operation of an industry under close regulatory control and its operation free of such controls. It is able to make use of an unusually large volume of data on the costs, operations, and prices of individual firms to show how markets work and how regulation works.The book's in-depth analysis of the impact of policy changes in the airline industry is drawn in part from the authors' active involvement in implementing the new policies. Elizabeth Bailey is Dean of the Graduate School of Industrial Administration at Carnegie-Mellon. Previously she was a commissioner and vice chairman at the Civil Aeronautics Board. Daniel Kaplan is director of the Board's Office of Economic Analysis. David R. Graham, manager of the Defense Economics Program at the Institute for Defense Analysis, was a Board economist.Deregulating the Airlines is tenth in the series, Regulation of Economic Activity, edited by Richard Schmalensee.
http://www.amazon.com/gp/product/0262022133/?tag=2022091-20
Bailey, Elizabeth Ellery was born on November 26, 1938 in New York City. Daughter of Irving Woodworth and Henrietta Dana (Skinner) Raymond.
Bachelor magna cum laude, Radcliffe College, 1960. Master of Science, Stevens Institute of Technology, 1966. Doctor of Philosophy, Princeton University, 1972.
Doctor of Laws (honorary), De Paul University, 1988. Doctor of Engineering (honorary), Stevens Institute of Technology, 2003.
Senior Technical Aide, Association Member Technical Staff, Bell Laboratories, 1960-1973. Adjunct Assistant Professor, Adjunct Association Professor Econ, New York University, NYC, New York, USA., 1973-1977. Supervisor, Economics Analysis Group, Research Head, Economics Research Department, Bell Laboratories, 1973-1977.
Commissioner, Vice-Chairman, Acting Chairman, United States Civil Aeronautics Board, 1977-1983, 1981-1983, 1981. Dean, Graduate School Industrial Administration, Carnegie-Mellon University, Pittsburgh, Pennsylvania, United States of America, since 1983. Editorial Board, American Economic Review, 1977-1979, J. Ind.
E, 1977, Information Economics and Policy, 1982-1984, Series on Regulation of Economics Activity (Massachusetts Institute of Technology, Cambridge, Mass., USA Press,
1982-1985), Encyclopaedia of Economics (McGraw-Hill), 1982-1985.
( The airline industry has been buffeted by the forces of...)
I began my economics career at Bell Laboratories as one of the founding members of an Economics Research department. Our work broadened industrial organisation by developing models of regulated monopolies, of optimal pricing under regulatory constraints, and finally multiproduct enterprises. I was given the opportunity to go to Washington, to participate in the deregulation of the airline industry.
This post gave me a unique opportunity to put economic theory into practice. A remarkable confluence of new theoretical tools aided immensely in providing a framework for practical action. I have recently assumed the post of Dean of a major business school and hope to continue here to use the theoretical and scientific base of economics to address major problems of our times.
Founding member, vice president board trustees Harbor School for Children with Learning Disabilities. Trustee Princeton University, 1978-1982, Presbyterian University Hospital, 1984-1991, National Bureau Economic Research, since 1993, Brookings Institute, since 1988, Bancroft Neuro Health, 1996-2004, Catalyst, 1988-1990, American Assembly Collegiate Schools of Business, 1987-1990, National Bureau Economics Research, since 1993. Member executive council Federation Organizations for Professional Women, 1980-1982.
Chairman Committee on Status of Women in Economics Profession, 1979-1982. Member corporation visiting committee Sloan School Management, Massachusetts Institute of Technology, 1982-1985. Member advisory board Brookings Institute, since 1987, Center Economic Policy Research, Stanford University, since 1983, Massachusetts Institute of Technology economics department, since 1989, Princeton economics department, since 1989.
Member American Economic Association (executive committee 1981-1983, vice president 1985, Carolyn Shaw Bell award, 2009), American Association Collegiate Schools Business (board directors since 1987), Beta Gamma Sigma.
Children: James L., William E.