| Description |
1 online resource (xxxix, 472 pages) : illustrations |
| Contents |
Cover; Contents; List of Figures; List of Tables; Glossary of Terms; List of Abbreviations; About the Authors; Acknowledgements; Foreword; Preface to the Second Edition; 1 The Evolving Air TransportIndustry; The Airline Industry; Financial Condition of the Airline Industry; Consolidation and Bankruptcies; Factors Affecting World Air Traffic Growth; Economic Impact of the Air Transport Industry; Outlook for the Air Transport Industry; Summary; Discussion Questions; References; 2 Principles of Economics with Applications in Aviation; Basic Economics; Scope of Economics |
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The Role of Economic SystemsGovernment Failures and Market Failures; Summary; Discussion Questions; References; 3 Supply and Demand: Analysis in the Airline Industry; Basics of Demand; Basics of Supply; Market Equilibrium; Consumer and Producer Surplus; Disequilibrium; Elasticity; Summary; Discussion Questions; References; 4 Cost and Production Analysis: The General Concepts; Cost Division; Cost Functions; Economies of Scale, Scope, and Density; Airline Industry Cost Structure; Airline Economies of Scale, Scope, and Density; Airline Breakeven Analysis; Operating Leverage |
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Airline Operating LeverageSummary; Discussion Questions; Appendix: Airline Cost Classification and Division; References; 5 Aviation Infrastructure: Operations and Ownership; Air Traffic Control System; Institutional Problems in US Air Traffic Control; Air Traffic Control in a Government Corporation; Political Obstacles to Reform; Solutions to Air Traffic Control Problems; Airport Ownership and Management; Summary; Discussion Questions; Appendix; References; 6 International Economics and Aviation; Trade Globalization; International Economics and Trade; Why Nations Trade |
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Aircraft Manufacturing and Governmental SubsidiesInternational Trade Policy in Air Travel -Optimality versus Political Realities; Foreign Currency and Exchange Rates; Summary; Discussion Questions; Appendix: International Free Trade Agreements; References; 7 Open Skies and Global Alliances; Chronology of International Air Transport Agreements; Bilateral and Multilateral Air Service Agreements; Open Skies in Europe; Open Skies in Asia; Global Airline Alliances; Summary; Discussion Questions; References; 8 Competitive Market Structure and Monopolistic Markets; Perfect Competition; Monopoly |
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Price/Output Decision for MonopoliesMonopoly Pricing and Consumer Well-being; Monopoly Market Power in Aviation; Monopsony; Summary; Discussion Questions; References; 9 Hybrid Market Structure and the Aviation Industry; Monopolistic Competition; Oligopolies; Examples of Oligopoly; Contestability Theory; Kinked Demand Curve Theory; Cournot Theory; Price -Output Determination under hybrid Market Structure; Profitability Issues; Competition and Anti-trust Issues; Industry Consolidation; Beyond Market Concentration Considerations; Anti-trust, Market Evolution, and Cooperation; Summary |
| Summary |
Here is a comprehensive textbook that applies economic theory to all aspects of the aviation industry. Extensively updated throughout, it features new coverage of macroeconomics for managers, expanded analysis of modern revenue management and pricing decisions, and also reflects developments that have occurred since the original's publication. Instructors will find this edition easier to use in class, and suitable for a wider variety of undergraduate or graduate course structures. Industry practitioners will find it more intuitively organized and user friendly |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Print version record |
| Subject |
Aeronautics, Commercial -- United States -- Finance
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Airlines -- Deregulation -- United States
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Airlines -- United States -- Cost of operation
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Aeronautics and state -- United States
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Aeronautics and state
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Aeronautics, Commercial -- Finance
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Airlines -- Cost of operation
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Airlines -- Deregulation
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United States
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| Form |
Electronic book
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| Author |
Fleming, Ken
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Tacker, Tom
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| ISBN |
9781409454885 |
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1409454886 |
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