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This book surveys the latest changes in the turbulent area of airline deregulation. The authors' third collaboration on the subject, it deals with such current trends and topics as the proliferation of mergers and takeovers and the stategies and tactics involved in price wars and other marketing ventures.At the same time Deregulation and the Future of Intercity Passenger Travel is much more than an update on changes in the airline industry. It studies all the major systems of intercity passenger transportation - automobiles, buses, trains, airplanes - from the point of view of their interdependency. And it extends well beyond recent events to embrace the transportation history of much of this century, discussing the historical precedents and outcomes that have collectively given impetus to the trends in operation today, with special emphasis on the patterns of governmental subsidies and regulations. The authors also forecast probable developments in the next century, examining the impacts of various assumptions about future public policies, changes in technology, demographic patterns, and consumer preferences.The first part of the book focuses on the U.S. experience with airline deregulation, including changes in distribution channels and the travel agency business as well as the effects on airline employees and passengers. The second part takes up the economics of competition among the major modes in intercity travel.John R. Meyer is James W Harpel Professor of Capital Formation and Economic Growth at Harvard University. Clinton V. Oster, Jr., is Associate Professor at the School of Public and Environmental Affairs and Director of the Transportation Research Center at Indiana University. Deregulation and the Future of Intercity Passenger Travel is fifteenth in the series Regulation of Economic Activity, edited by Richard Schmalensee.
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.
Revised and updated to cover developments and thinking in transport economics, the book examines the application of economics techniques first, to commercial transport operations, second, to public policy issues and third, to the role of transport in its wider economic context.

Railroad Corridors

United States. Congress. House. Committee on Interstate and Foreign Commerce. Subcommittee on Transportation and Commerce

Published: 1980

Total Pages: 570


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