|
|
|
ix | |
|
|
|
xiii | |
| Acknowledgments |
|
xvii | |
|
|
|
xix | |
| Preface |
|
xxiii | |
|
The Evolving Air Transport Industry |
|
|
1 | (26) |
|
|
|
1 | (6) |
|
The financial condition of the airline industry |
|
|
7 | (7) |
|
Airline industry consolidation |
|
|
14 | (5) |
|
Factors affecting world air traffic growth |
|
|
19 | (1) |
|
The economic impact of the air transport industry |
|
|
20 | (2) |
|
The outlook for the air transport industry |
|
|
22 | (2) |
|
|
|
24 | (3) |
|
|
|
27 | (22) |
|
Fundamentals of economics |
|
|
28 | (1) |
|
The economic way of thinking |
|
|
29 | (14) |
|
The economics of government |
|
|
43 | (4) |
|
|
|
47 | (2) |
|
Market Demand Analysis and Demand and Supply for Airline Services |
|
|
49 | (28) |
|
|
|
50 | (1) |
|
|
|
50 | (1) |
|
|
|
51 | (1) |
|
|
|
51 | (3) |
|
Determinants of demand for air transportation |
|
|
54 | (4) |
|
Characteristics of demand for air transportation |
|
|
58 | (2) |
|
|
|
60 | (1) |
|
|
|
61 | (7) |
|
Supply of airline services |
|
|
68 | (1) |
|
Factors affecting the supply of airline services |
|
|
69 | (3) |
|
Characteristics of supply for airline services |
|
|
72 | (1) |
|
Airline supply and demand equilibrium |
|
|
72 | (2) |
|
|
|
74 | (3) |
|
Appendix: Advanced pricing and elasticity application |
|
|
74 | (3) |
|
Cost and Production Analysis: the General Concepts |
|
|
77 | (30) |
|
|
|
79 | (3) |
|
|
|
82 | (7) |
|
Economics of scale, scope, and density |
|
|
89 | (3) |
|
Airline industry cost structure |
|
|
92 | (7) |
|
Airline economies of scale, scope, and density |
|
|
99 | (2) |
|
Airline break-even analysis |
|
|
101 | (1) |
|
|
|
102 | (2) |
|
Airline operating leverage |
|
|
104 | (1) |
|
|
|
105 | (2) |
|
Aviation Infrastructure: Operations and Ownership |
|
|
107 | (16) |
|
The air traffic control system |
|
|
108 | (5) |
|
Institutional problems in US air traffic control |
|
|
113 | (1) |
|
ATC in a government corporation |
|
|
114 | (1) |
|
Political obstacles to reform |
|
|
114 | (1) |
|
Airport ownership and management |
|
|
115 | (6) |
|
|
|
121 | (2) |
|
|
|
121 | (2) |
|
International Economics and Aviation |
|
|
123 | (30) |
|
International economics and trade |
|
|
124 | (7) |
|
The logic of production possibility, absolute advantage, comparative advantage and free trade |
|
|
131 | (7) |
|
Trade protections and trade barriers |
|
|
138 | (2) |
|
Foreign currency and exchange rates |
|
|
140 | (3) |
|
|
|
143 | (10) |
|
Appendix: International free trade agreements |
|
|
143 | (10) |
|
International Aviation: Open Skies and Global Alliances |
|
|
153 | (26) |
|
A brief history of international aviation agreements |
|
|
154 | (1) |
|
Bilateral air service agreements |
|
|
155 | (5) |
|
|
|
160 | (3) |
|
|
|
163 | (1) |
|
|
|
164 | (2) |
|
|
|
166 | (9) |
|
|
|
175 | (4) |
|
Market Structure and Monopolistic Markets |
|
|
179 | (26) |
|
|
|
180 | (6) |
|
|
|
186 | (7) |
|
Price/output decision for monopolies |
|
|
193 | (3) |
|
Monopoly pricing and consumer well-being |
|
|
196 | (1) |
|
Market structure in the aviation industry |
|
|
197 | (5) |
|
|
|
202 | (3) |
|
Appendix: The relationship between monopoly pricing and elasticity of demand |
|
|
202 | (3) |
|
Hybrid Market Structure and the Aviation Industry |
|
|
205 | (32) |
|
|
|
206 | (3) |
|
|
|
209 | (3) |
|
|
|
212 | (1) |
|
|
|
213 | (2) |
|
Kinked demand curve theory |
|
|
215 | (2) |
|
|
|
217 | (2) |
|
|
|
219 | (3) |
|
Competition and antitrust issues |
|
|
222 | (3) |
|
|
|
225 | (4) |
|
Beyond market concentration considerations |
|
|
229 | (2) |
|
Antitrust, market evolution, and cooperation |
|
|
231 | (1) |
|
|
|
232 | (5) |
|
Appendix: A mathematical example of a pricing decision |
|
|
232 | (5) |
|
Aviation Forecasting and Regression Analysis |
|
|
237 | (42) |
|
Aviation forecasting applications |
|
|
238 | (1) |
|
Qualitative forecasting methods |
|
|
239 | (3) |
|
Quantitative forecasting methods |
|
|
242 | (1) |
|
|
|
243 | (3) |
|
|
|
246 | (13) |
|
|
|
259 | (14) |
|
|
|
273 | (4) |
|
|
|
277 | (2) |
|
Pricing Policy and Revenue Management |
|
|
279 | (28) |
|
The importance of revenue management |
|
|
280 | (1) |
|
Pricing policy before and after deregulation |
|
|
281 | (4) |
|
|
|
285 | (4) |
|
Revenue management ``fences'' |
|
|
289 | (3) |
|
Revenue management control types |
|
|
292 | (2) |
|
|
|
294 | (2) |
|
|
|
296 | (7) |
|
|
|
303 | (2) |
|
Other issues associated with revenue management |
|
|
305 | (1) |
|
|
|
306 | (1) |
|
Low-cost, Start-up Airlines: A New Paradigm |
|
|
307 | (24) |
|
The Emergence of low-cost carriers |
|
|
308 | (1) |
|
Characteristics of low-cost carriers |
|
|
309 | (10) |
|
Cost structure comparison |
|
|
319 | (4) |
|
Incumbent carriers' response to low-cost carriers |
|
|
323 | (4) |
|
The future of low-cost carriers |
|
|
327 | (1) |
|
|
|
328 | (3) |
|
Appendix: Select airline two-letter codes |
|
|
328 | (3) |
|
The Economics of Aviation Safety and Security |
|
|
331 | (22) |
|
The history of aviation safety |
|
|
333 | (3) |
|
Incentives for aviation safety |
|
|
336 | (3) |
|
Causes of aviation accidents |
|
|
339 | (5) |
|
Classification of accidents by phase of flight |
|
|
344 | (1) |
|
Classification of accidents by region |
|
|
345 | (2) |
|
The basic economics of safety |
|
|
347 | (1) |
|
Is it possible to take the politics out of safety regulation? |
|
|
348 | (2) |
|
|
|
350 | (3) |
|
|
|
351 | (2) |
| Index |
|
353 | |
