Re: Airline firms

[Bryan Caplan]

William Dickens wrote:

> True, but the first round of the game was played before deregulation so before the 
>value of the hubs was fully realized...

And what do you say on the predation thing?

-- 
                        Prof. Bryan Caplan                
       Department of Economics      George Mason University
        http://www.bcaplan.com      [EMAIL PROTECTED]

  "[T]he power of instruction is seldom of much efficacy, except in 
   those happy dispositions where it is almost superfluous." 
   -- Edward Gibbon, *The Decline and Fall of the Roman Empire*