This collection of 40 articles presents classic and contemporary papers on air transport. It features a range of topics, including airline costs and productivity, pricing and yield management, competitive behaviour and strategic alliances, environmental aspects and aviation in developing nations. Congestion and investment in airports and regulation of airports are also covered. The articles cover theoretical analyses of air transport, empirical findings and discussion of policy issues such as liberalization and deregulation of airline markets. The collection highlights contemporary policy issues and emerging trends which should be of interest to students of transport economics, industrial organization and regulation.
This collection of 40 articles presents classic and contemporary papers on air transport. It features a range of topics, including airline costs and productivity, pricing and yield management, competitive behaviour and strategic alliances, environmental aspects and aviation in developing nations. Congestion and investment in airports and regulation of airports are also covered. The articles cover theoretical analyses of air transport, empirical findings and discussion of policy issues such as liberalization and deregulation of airline markets. The collection highlights contemporary policy issues and emerging trends which should be of interest to students of transport economics, industrial organization and regulation.
Contents:
Acknowledgements
Introduction Peter Forsyth, Kenneth Button and Peter Nijkamp
PART I AIRLINE PRICING AND YIELD MANAGEMENT
1. George W. Douglas and James C. Miller III (1974), ‘Quality
Competition, Industry Equilibrium, and Efficiency in the
Price-constrained Airline Market’
2. Robert H. Frank (1983), ‘When Are Price Differentials
Discriminatory?’
3. Dennis J.H. Kraft, Tae H. Oum and Michael W. Tretheway (1986),
‘Airline Seat Management’
4. John C. Panzar (1979), ‘Equilibrium and Welfare in Unregulated
Airline Markets’
5. Arthur S. De Vany (1975), ‘The Effect of Price and Entry
Regulation on Airline Output, Capacity and Efficiency’
PART II AIRLINE PRODUCTIVITY AND COST ANALYSIS
6. Douglas W. Caves, Laurits R. Christensen and Michael W.
Tretheway (1985), ‘Economies of Density Versus Economies of Scale:
Why Trunk and Local Service Airline Costs Differ’
7. Tae Hoon Oum and Chunyan Yu (1998), ‘Cost Competitiveness of
Major Airlines: An International Comparison’
8. David W. Gillen, Tae Hoon Oum and Michael W. Tretheway (1990),
‘Airline Cost Structure and Policy Implications: A Multi-product
Approach for Canadian Airlines’
9. Tae Hoon Oum and Chunyan Yu (1995), ‘A Productivity Comparison
of the World’s Major Airlines’
10. Robert J. Windle (1991), ‘The World’s Airlines: A Cost and
Productivity Comparison’
PART III COMPETITION AND MARKET BEHAVIOUR
11. Elizabeth E. Bailey and Jeffrey R. Williams (1988), ‘Sources of
Economic Rent in the Deregulated Airline Industry’
12. Steven A. Morrison and Clifford Winston (1987), ‘Empirical
Implications and Tests of the Contestability Hypothesis’
13. James A. Brander and Anming Zhang (1990), ‘Market Conduct in
the Airline Industry: An Empirical Investigation’
14. Severin Borenstein (1989), ‘Hubs and High Fares: Dominance and
Market Power in the U.S. Airline Industry’
15. Martin Dresner and Michael W. Tretheway (1992), ‘Modelling and
Testing the Effect of Market Structure on Price: The Case of
International Air Transport’
16. Andrew S. Joskow, Gregory J. Werden and Richard L. Johnson
(1994), ‘Entry, Exit, and Performance in Airline Markets’
17. Pedro L. Marín (1995), ‘Competition in European Aviation:
Pricing Policy and Market Structure’
18. David Starkie and Margaret Starrs (1984), ‘Contestability and
Sustainability in Regional Airline Markets’
19. Elizabeth E. Bailey and John C. Panzar (1981), ‘The
Contestability of Airline Markets During the Transition to
Deregulation’
20. M.E. Beesley (1986), ‘Commitment, Sunk Costs, and Entry to the
Airline Industry: Reflections on Experience’
PART IV REGULATION AND LIBERALISATION
21. Theodore E. Keeler (1972), ‘Airline Regulation and Market
Performance’
22. Kenneth Button (1996), ‘Liberalising European Aviation: Is
There An Empty Core Problem?’
23. Christopher C. Findlay (1985), ‘The Persistence and
Pervasiveness of the Regulation of International Trade in Civil
Aviation: Services’
24. Alfred E. Kahn (1988), ‘Surprises of Airline Deregulation’
25. Severin Borenstein (1992), ‘The Evolution of U.S. Airline
Competition’
PART V COMMERCIAL STRATEGIES AND ALLIANCES
26. Dennis W. Carlton, William M. Landes and Richard A. Posner
(1980), ‘Benefits and Costs of Airline Mergers: A Case Study’
27. Tae Hoon Oum and Jong-Hun Park (1997), ‘Airline Alliances:
Current Status, Policy Issues, and Future Directions’
28. Michael Z.F. Li (2000), ‘Distinct Features of Lasting and
Non-lasting Airline Alliances’
PART VI AIRPORTS: EFFICIENCY ASPECTS, INVESTMENT AND REGULATION
29. Alan Carlin and R.E. Park (1970), ‘Marginal Cost Pricing of
Airport Runway Capacity’
30. David Starkie (1994), ‘Developments in Transport Policy: The US
Market in Airport Slots’
31. David Gillen and Ashish Lall (1997), ‘Developing Measures of
Airport Productivity and Performance: An Application of Data
Envelopment Analysis’
32. Peter Forsyth (1997), ‘Price Regulation of Airports: Principles
with Australian Applications’
33. Sandford F. Borins (1978), ‘Pricing and Investment in a
Transportation Network: The Case of Toronto Airport’
34. Tae Hoon Oum and Yimin Zhang (1990), ‘Airport Pricing:
Congestion Tolls, Lumpy Investment, and Cost Recovery’
35. Sean D. Barrett (2000), ‘Airport Competition in the Deregulated
European Aviation Market’
PART VII ENVIRONMENT, SAFETY AND DEVELOPMENT
36. Nancy L. Rose (1992), ‘Fear of Flying? Economic Analyses of
Airline Safety’
37. Jon P. Nelson (1980), ‘Airports and Property Values: A Survey
of Recent Evidence’
38. Anming Zhang (1998), ‘Industrial Reform and Air Transport
Development in China’
39. Tae Hoon Oum (1997), ‘Challenges and Opportunities for Asian
Airlines and Governments’
40. Paul Hooper (1997), ‘Liberalisation of the Airline Industry in
India’
Name Index
Edited by Peter Forsyth, Professor of Economics, Monash University, Australia, Kenneth Button, University Professor, Schar School of Policy and Government, George Mason University, US and Peter Nijkamp, Professor Emeritus, Vrije Universiteit Amsterdam, the Netherlands, the Centre for European Studies, Universitatea Alexandru Ioan Cuza din Iasi, Romania and the School of Public Policy and Management, Tsinghua University, China
'This volume of air transport economics classics is a superb
resource for researchers, educators, policy planners and
consultants covering the most important aspects of aviation
economics - pricing, yield management, productivity and cost,
competition, regulation and institutional reform, strategy,
efficiency and investment, and the environment. Edited by three of
the leading academic exponents of aviation economics, this book of
readings is a must on all bookshelves of those engaged in serious
thought about the aviation sector.'
*David A. Hensher, University of Sydney, Australia*
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