[5] During her time there, she was part of a group that studied monopolies and regulatory distortions, and even gave presentations on the topic to AT&T executives and advisors including William Baumol and Alfred E. Kahn, with whom she would later go on to collaborate.

[3] In 1977, President Jimmy Carter named Bailey the first woman Civil Aeronautics Board (CAB) commissioner.

[6] Bailey studied deregulation and regulatory capture through her career and contributed to the passage of the Airline Deregulation Act, a 1978 United States federal regulation that freed airlines from government control in pricing, route planning, competition and market composition.

[5] Outside of the field of deregulations, during her time at the CAB, she also pushed for the rights of non-smokers to be guaranteed a smoke-free seat in airlines, not liking cigarette smoke herself.

[9] She served on the Board of Directors of TIAA-CREF, Altria, and CSX Corporation, and was a trustee of The Brookings Institution and a member of the National Bureau of Economic Research.

During her confirmation hearing in the late 1970s to become the Civil Aeronautics Board commissioner, she was asked by Ted Stevens, a senator from Alaska, about her "steel" to which she is noted to have remarked that she was "tougher" than she looked.

[2] She was inducted into the American Academy of Arts and Sciences in 1977 and held a chair at the National Bureau of Economic Research.