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The Economics of International Airline Transport



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Author: James Peoples

Publisher: Emerald Group Publishing Limited

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Publish Date: July 9, 2014

ISBN-10: 1783506393

Pages: 392

File Type: PDF

Language: English

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Book Preface

Globalization has placed a premium on the ability of countries to create opportunities for their domestic companies to compete successfully internationally. Easy access to low-cost transportation plays a vital role in enhancing the international competitiveness of companies. Historically companies overwhelmingly selected maritime shipping to transport cargo overseas, especially the hauling of high-volume, low-price per-unit bulk products such as oil, and grain.1 Rail and trucking services traditionally dominated the transportation of cargo across  international land borders. Recent cost efficiency gains and technological advancements in air transportation services present shippers with a viable alternative mode to traditional transportation services. For instance, fuel efficiency improvements of aircrafts, flexible work rules, and the formation of carrier alliances contribute to increasing use of air transportation to haul export goods. In addition,
increasing global demand for high-value, low-volume products such as electronic equipment further contribute to the viability of air transportation services as a low-cost, short-delivery-time alternative. Recent evidence of nontrivial growth reported by the International Air Transport Association (IATA) reveals a 3.9 percent increase in global freight transported by air carriers from October 2012 to October 2013.2 Passenger service is also experiencing growth in air transportation services as
international passenger volume increased by 5.7 from September 2012 to September 2013 (International Air Transport Association [IATA], 2013).3 Furthermore, growth in international air transportation of passengers for this time frame is not limited to traditionally high-demand countries located in North America and Europe. Growth is also occurring in developing countries located in Africa, Asia/Pacific, Latin America, and the Middle East.4 Thus, air transportation service is truly a global phenomenon generating significant demand from all geographic regions. Gaining greater understanding of economic conditions facilitating this growing demand as well as gaining further insight on the external benefits and costs associated with international air transportation growth is critical for countries and companies planning to become or to remain economically competitive in the twenty-first century.

This volume of Advances in Airline Economics contributes to our understanding of the economics of international air transportation by providing in depth analyses of changes in international air transportation’s legal environment, analyses of airline companies market behavior in this new environment, examination of trade growth in response to changing airline market behavior, and examination of the external costs and benefits associated with growth in international air transportation. Analyses are grounded in theories established in transportation economics, and chapter contributors employ innovative empirical techniques to examine how changing policies in international air transportation have influenced the growth and development of the aviation industry as well as the growth of regional and local economies.

Contents

List Of Contributors Vii

Editorial Board Members Xi

Chapter 1 Introduction And Overview

James Peoples 1

Chapter 2 Air Transport Liberalization And Its Effects On Airline Competition And Traffic Growth _ An Overview

Xiaowen Fu And Tae Hoon Oum 11

Chapter 3 Government Regulation Of International Air Transportation

Darren Prokop 45

Chapter 4 Skies Wide Shut _ An Assessment Of International Air Transport Liberalization

Pierre Latrille, Antonia Carzaniga And Marta Soprana 61

Chapter 5 International Mergers And Acquisitions In The Airline Industry

James Nolan, Pamela Ritchie And John Rowcroft 127

Chapter 6 Airfares And Competition On International Routes

John Bitzan, Alice Kones And James Peoples 151

Chapter 7 The Choice Of Airport, Airline, And Departure Date And Time: Estimating The Demand For Flights

Diego Escobari And Cristhian Mellado 177

Chapter 8 Air Cargo Services And The Export Flows Of Developing Countries

Henry L. Vega 199

Chapter 9 An Assessment Of The Causal Relationship Between Air Passenger Traffic And Trade In Asia-Pacific

Elien Van De Vijver, Ben Derudder And Frank Witlox 235

Chapter 10 International And National Political Regulations Of Aviation’s Climate Impact And Cost Impacts On Air Freight

Janina D. Scheelhaase 255

Chapter 11 Planning A Competitive Aerotropolis

John D. Kasarda And Stephen J. Appold 281

Chapter 12 Airport And Airline Substitution Effects In Multi-Airport Markets

Dan Mahoney And Wesley W. Wilson 309

Chapter 13 Buyer Subsidies In Two-Sided Markets: Evidence From Online Travel Agents

Volodymyr Bilotkach And Nicholas G. Rupp 339


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