Part 1 Trends in regulation: regulatory reforms in the UK - principles and application, John Kay and David Thompson; discussion, Dennis Swann; competition issues in privatization - lessons for the railways, Mike Adamson et al; discussion, John Rickard; transportation de-regulation in Canada - the forces for change, Trevor Heaver; discussion, David Starkis. Part 2 Reforms in aviation policy: airline de-regulation and market performance - the economic basis for regulatory reform and lessons from the US experience, Theodore Keeler; discussion, Kenneth Button; the changing aviation scene in Europe, Frederik Sorensen; discussion, Rigas Doganis; de-regulation in European air transport - issues after 1992, Jacques Pelkmans; discussion, Tom Bass; American de-regulation and European liberalization, Richard Pryke; discussion, Sean Barrett.