The Theory Of Contestable Markets And The U S Airline Industry
DOWNLOAD
Download The Theory Of Contestable Markets And The U S Airline Industry PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get The Theory Of Contestable Markets And The U S Airline Industry book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
The Theory Of Contestable Markets And The U S Airline Industry
DOWNLOAD
Author : Scott Charles Collins
language : en
Publisher:
Release Date : 1987
The Theory Of Contestable Markets And The U S Airline Industry written by Scott Charles Collins and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987 with Airlines categories.
The Evolution Of The Us Airline Industry
DOWNLOAD
Author : Eldad Ben-Yosef
language : en
Publisher: Springer Science & Business Media
Release Date : 2005-07-13
The Evolution Of The Us Airline Industry written by Eldad Ben-Yosef and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-07-13 with Business & Economics categories.
The Evolution of the US Airline Industry discusses the evolution of the hub-and-spoke network system and the associated price discrimination strategy, as the post-deregulation dominant business model of the major incumbent airlines and its breakdown in the early 2000s. It highlights the role that aircraft – as a production input – and the aircraft manufacturers' strategy have played in shaping this dominant business model in the 1990s. Fierce competition between Airbus and Boeing and plummeting new aircraft prices in the early 2000s have fueled low-cost competition of unprecedented scope, that destroyed the old business model. The impact of the manufacturers' strategy on these trends has been overlooked by industry observers, who have traditionally focused on the demand for air travel and labor costs as the most critical elements in future trends and survivability of major network airlines. The book debates the impact and merit of government regulation of the industry. It examines uncertainty, information problems, and interest group structures that have shaped environmental and safety regulations. These regulations disregard market signals and deviate from standard economic principles of social efficiency and public interest. The Evolution of the US Airline Industry also debates the applicability of traditional antitrust analysis and policies, which conflict with the complex dynamics of real-life airline competition. It questions the regulator's ability to interpret industry conduct in real time, let alone predict or change its course towards a "desirable" direction. The competitive response of the low-cost startup airlines surprised many antitrust proponents, who believed the major incumbent airlines practically blocked significant new entry. This creative market response, in fact, destroyed the major incumbents' power to discriminate pricing – a task the antitrust efforts failed to accomplish.
Concentration And Contestability In The Deregulated United States Airline Industry
DOWNLOAD
Author : Jens Blechschmidt
language : en
Publisher:
Release Date : 1996
Concentration And Contestability In The Deregulated United States Airline Industry written by Jens Blechschmidt and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Aeronautics, Commercial categories.
Entry Contestability And Deregulated Airline Markets
DOWNLOAD
Author : Michael D. Whinston
language : en
Publisher:
Release Date : 1990
Entry Contestability And Deregulated Airline Markets written by Michael D. Whinston and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Airlines categories.
Abstract: occurred following entry.
Deregulation And Liberalisation Of The Airline Industry
DOWNLOAD
Author : Dipendra Sinha
language : en
Publisher: Routledge
Release Date : 2019-07-16
Deregulation And Liberalisation Of The Airline Industry written by Dipendra Sinha and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-07-16 with Transportation categories.
This title was first published in 2001. By giving long over-due detailed consideration to airline deregulation in countries other than the US, Dipendra Sinha makes a unique contribution to the literature on airline deregulation and transport economics.
Contestable Markets And The Theory Of Industry Structure
DOWNLOAD
Author : William J. Baumol
language : en
Publisher: Houghton Mifflin Harcourt P
Release Date : 1988
Contestable Markets And The Theory Of Industry Structure written by William J. Baumol and has been published by Houghton Mifflin Harcourt P this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Business & Economics categories.
Entry Barriers Into The European Civil Aviation Markets
DOWNLOAD
Author : Mirko Schnell
language : en
Publisher: diplom.de
Release Date : 1999-02-15
Entry Barriers Into The European Civil Aviation Markets written by Mirko Schnell and has been published by diplom.de this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-02-15 with Transportation categories.
Inhaltsangabe:Abstract: The contestability hypothesis has extensively been tested for the liberalised US airline markets. Entry barriers render US airline markets non-contestable. However, these studies do not allow an empirically based conclusion whether entry barriers are differently effective in preventing entry. Moreover, since previous studies exhibit no intra-firm perspective, they cannot ascertain whether a particular entry impediment prevents entry equally effective irrespective of potential entrant's characteristics. Comparable studies about the recently liberalised European airline markets are not available. This study fills these gaps by investigating European airline managers' perception of entry barriers. It turn out that some barriers are perceived to be significantly more effective than others. The perception of the effectiveness of a certain entry barrier, however, varies considerably among airline managers. Airlines' and respondents' characteristics contribute to explain this variance. Einleitung: Diese Arbeit untersucht mit Hilfe einer eigenen erhobenen empirischen Basis die Existenz von Markteintrittsbarrieren im europäischen Passagierluftverkehr nach dessen vollständiger Liberalisierung im Jahre 1997. Als Markteintrittsbarrieren werden alle Charakteristika eines an sich gewinnträchtigen Streckenmarktes betrachtet, die eine Fluggesellschaft davon abhalten, in diesen Markt einzutreten. Folgende Forschungsfragen werden beantwortet: - Welche Markteintrittsbarrieren nehmen europäische Fluggesellschaften wahr? - Sind alle Markteintrittsbarrieren aus Sicht der europäischen Airlines gleich wirksam? - Betrachten alle europäischen Fluggesellschaften eine bestimmte Markteintrittsbarriere als gleich wirksam und worauf sind mögliche Unterschiede zurückzuführen? Gang der Untersuchung: Kapitel 1 gibt eine kurze Einführung in die Problemstellung des Themas und definiert die verwendeten Begrifflichkeiten. Kapitel 2 stellt den bereits in den Literatur zugänglichen Wissensstand dar. Zunächst diskutiert es die Grundlagen der Theorie des bestreitbaren Marktes ( contestability theory ). Die praktische Bedeutung von Markteintrittsbarrieren für die Qualität des Wettbewerbs wird verdeutlicht. Anschließend werden die Forschungsmethode und Ergebnisse von 29 Studien zum Test der Contestability Hypothese im nordamerikanischen Luftverkehr vorgestellt. Fast alle dieser Studien weisen Wettbewerbsbeschränkungen aufgrund von Markteintrittsbarrieren in [...]
Airlines Airports And Antitrust
DOWNLOAD
Author : Paul Stephen Dempsey
language : en
Publisher:
Release Date : 2011
Airlines Airports And Antitrust written by Paul Stephen Dempsey and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
Prior to deregulation, the consensus among many economists was that removal of governmental barriers to entry and pricing for airlines would result in a healthy competitive environment, one perhaps approaching that of perfect competition. Destructive competition, whose purported existence gave birth to regulation of these two industries in the 1930s, was deemed unlikely to occur. It was predicted that concentration was highly unlikely, for new entry would keep the industry hotly competitive. Transportation, however, has turned out not to be the ideal model of perfect competition that many proponents of deregulation insisted it was. There appear to be significant economies of scale, scope and density, and economic barriers to entry in the airline industry. Widespread bankruptcies and mergers have reduced the number of competitors to the point that major oligopolies now exist. Large airlines now dominate the infrastructure of airports, their gates and landing slots, as well as computer reservations systems. The theory of contestable markets served as a major intellectual justification for deregulation. The theory posits that if a monopolist or oligopolist begins to earn supracompetitive profits, new competitive entry, or the threat thereof, will restore pricing competition. If incumbents raise rates above competitive levels, new entrants would be attracted like sharks to the smell of blood. The theory is premised upon the belief that economic barriers to entry and economies of scale in the airline industry are relatively modest. Even the threat of entry would be sufficient to discipline the market and restore the competitive equilibrium. Contestability has not served as a significant competitive catalyst in the deregulated airline industry, and has since been abandoned by the Justice Department, which now regulates airline mergers. Because of formidable barriers to entry, many airlines are now able to exert market power in the markets which they dominate. With the creation of frequent flyer programs, travel agent commission overrides, and megacarrier dominance in fortress hubs and computer reservations systems, the entry of new carriers is highly unlikely today. In a situation where market power exists, prices rise and the level of service can deteriorate; excessive wealth is transferred from consumers to producers, and society's resources are misallocated. As consumers purchase alternative products or services it costs society more to produce.
Competition Versus Predation In Aviation Markets
DOWNLOAD
Author : Peter Forsyth
language : en
Publisher: Routledge
Release Date : 2018-01-18
Competition Versus Predation In Aviation Markets written by Peter Forsyth and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-01-18 with Business & Economics categories.
Prior to liberalization, there was little scope for predatory behaviour in the aviation market. However, following deregulation, new entrants sought to compete with entrenched incumbents. Low-cost carriers (LCCs) gained significant market share, which in turn provoked many different kinds of defensive response. Having put pressure on established carriers, low-cost airlines are themselves feeling the pressure of competition from new operators. While it is normal and natural for airlines to react to competition - modifying their services, the ways in which they offer them and their prices - when does aggressive commercial behaviour go too far and become predation? This book considers what exactly is meant by 'predation' in the aviation environment, and explores the strategies LCCs adopt in order to gain market share, as well as the strategies of the established airlines in response to competition from new entrants to the market. It also addresses the key question of what competition policy should do to ensure intensive competition. Competition versus Predation in Aviation Markets brings together contributions from around the world, from airlines, government agencies, leading academics and consultants, providing a wealth of perspectives on a business practice crucial to airline survival.
Contestable Markets Theory Competition And The United States Commercial Banking Industry
DOWNLOAD
Author : Ross N. Dickens
language : en
Publisher: Routledge
Release Date : 2019-06-04
Contestable Markets Theory Competition And The United States Commercial Banking Industry written by Ross N. Dickens and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-06-04 with Business & Economics categories.
First published in 1996. Routledge is an imprint of Taylor & Francis, an informa company.