[eng] The Effect of the 1978 Deregulation on the Air Transport Labour Market and Wages in the United States . by Pierre- Yves Crémieux . This study compares observed earnings with'simulated values to show that the deregulation of air traffic in 1978 had very different effects on pilots,...

In 1958, US airline industry regulators allowed the formation of a strike insurance agreement among airline companies. The insurance provided mutual financial support to airlines hit by strikes. A theoretical model describes the endogenous nature of the decision to join the strike insurance...