Maybe We Should Regulate Volcanoes
by Jeffrey Miron on April 22nd, 2010
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Airlines world-wide scrambled Wednesday to move millions of passengers grounded by a five-day ban on European flights due to a cloud of volcanic ash, and industry officials said the shutdown had cost them at least $1.7 billion and showed the need for more unified regulation
Huh? I do not see the case for “more unified regulation.” Country-by-country decisions seemed appropriate in this situation because conditions differed across countries. Unified regulation might have helped the airlines being hurt by shutdowns push for wider bans so as to avoid losing business.
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