The last year has seen a spate of business activity-take-overs, mergers, minority share swaps and marketing arrangements-which is starting to change the shape of the European airline industry. Particularly notable is the recent proposed investment in Sabena by British Airways and KLM, and the...

The introduction of cellular phones in January 1985 provided users with the opportunity of making a phone call from (almost) literally anywhere in the UK for the first time. The introduction of this new good raises significant public policy questions and also interesting questions of business...