This is the first in a new series of books on the economics of the airline industry. The series is a collection of original, cutting-edge research papers from an international panel of distinguished contributors. Volume 1 will focus on topics related to competition policy and antitrust, such as the economic impact of airline alliances (both international and domestic), predation, and incumbent responses to low cost entry. Part of a "New Series, " this volume focuses on competition policy and antitrust. Its contributors are international experts in the field.