"That would give us additional pricing flexibility," he said.

The pricing flexibility of automatic fare collection should generate additional ridership and encourage more efficient use of the subway and bus system.

"The company seems to have tremendous pricing flexibility at the newsstand."

Lower windfall profit taxes could in turn give the company greater pricing flexibility when it refined the oil and sold it as gasoline, jet fuel and other products.

Mike Yellen, co-manager of the $4 million Franklin Global Health Care Fund, said he has avoided large-capitalization consumer drug companies because "their pricing flexibility is gone forever."

"Policy changes could well affect pricing flexibility."

And he said he welcomed part of the decision that opened the door to greater pricing flexibility for local carriers.

In the current low-inflation environment, however, I don't believe manufacturers can enjoy the same pricing flexibility prevailing in the past.

Analysts also said that the drug industry had lost some pricing flexibility, making price increases more difficult.

He likes the pricing flexibility of advertising companies.