Download or read book Network Effects Congestion Externalities and Air Traffic Delays written by Christopher J. Mayer and published by . This book was released on 2002 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: "We examine two factors that might explain the extent of air traffic delays in the United States: network benefits due to hubbing and congestion externalities. Airline hubs enable passengers to cross-connect to many destinations, thus creating network benefits that increase in the number of markets served from the hub. Delays are the equilibrium outcome of a hub airline equating high marginal benefits from hubbing with the marginal cost of delays. Congestion externalities are created when airlines do not consider that adding flights may lead to increased delays for other air carriers. In this case, delays represent a market failure. Using data on all domestic flights by major US carriers from 1988-2000, we find that delays are increasing in hubbing activity at an airport and decreasing in market concentration but the hubbing effect dominates empirically. In addition, most delays due to hubbing actually accrue to the hub carrier, primarily because the hub carrier clusters its flights in short spans of time in order to maximize passenger interconnections. Non hub flights at hub airports operate with minimal additional travel time by avoiding the congested peak connecting times of the hub carrier. These results suggest that an optimal congestion tax would have a relatively small impact on air traffic delays since hub carriers already internalize most of the costs of hubbing and a tax that did not take the network benefits of hubbing into account could reduce social welfare"--National Bureau of Economic Research web site.
Download or read book Airport Capacity Allocation with Network Airlines written by Claudio Giovanni Noto and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Excess demand for runway capacity at major airports is still causing congestion externalities and hence significant delay costs for airlines and passengers. Therefore, recent studies criticize the current administrative allocation of airport slots as both inefficient and inequitable, and propose alternatives such as a market allocation of slots or a congestion pricing solution. In perfect competition settings, theoretical models show allocation efficiency for both instruments; however, when market power prevails over the congestion externality, also adverse welfare effects may arise. The literature suggests that modern airline competition involves network structures as a dominant strategy, aiming at achieving competitive advantages based on product differentiation in order to increase market power. The corresponding network effects supposedly induce two opposing effects for passengers: additional indirect travel benefits from network density and higher mark-ups on flight fares, thus constituting the dilemma of hub concentration. However, most airport capacity allocation models consider the flights of competing airlines as perfect substitutes, so that the flight fares are determined by total industry output and do not account for product differentiation based on asymmetric network structures. Consequently, this study first provides a modified theoretical model to investigate the network hub of a dominant airline, featuring an asymmetric oligopoly with vertical product differentiation based on network density effects. Subsequently, a partial equilibrium analysis qualitatively evaluates the inefficiencies arising in the unregulated market and the welfare impact of an airport quota allocation, a secondary trading scheme, and a congestion pricing solution. In addition, a computer simulation illustrates the particular model characteristics and quantifies the inefficiencies by numeric results. The setting with congestion externalities.
Download or read book The Economics of Airport Operations written by James Peoples and published by Emerald Group Publishing. This book was released on 2017-10-03 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume examines the role that airports play in economic development and land values, the regulation and economic efficiency of airports, airport pricing and competition, and the role played by airports in influencing airline operations and networks.
Download or read book Fundamentals of Air Transport Management written by Senguttuvan and published by Excel Books India. This book was released on 2006 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rapid growth of the aviation industry, propelled by catalysts like Liberalization, Privatization and Globalization has in recent years given a major fillip to the global economy in terms of facilitating international trade, generating employment, foreign exchange earnings, and prosperity from tourism, industrial growth and technological development. The potential market for air transport has shown signs of a strong global resurgence, with the Asia Pacific region's performance far exceeding the world average growth&.with India and China being projected as the hottest growth sectors.The Indian aviation industry has shown impressive growth, contributing 1.0%, 8.0% and 69% share at the global, Asia Pacific and South Asian regional levels respectively. Key players such as Boeing, Airbus Industrie, ACI, IATA and ICAO envisage that India will touch 100 million passengers by 2010. Meanwhile, the Indian Government has responded suitably, inter alia by encouraging private sector participation in the development of the civil aviation sector. Over ten chapters, this informative book elucidates all the concepts fundamental to the management of air transport, illuminating the factors key to operational, infrastructural and public policy in the development of air transport.
Download or read book Aviation Infrastructure Performance written by Clifford Winston and published by Rowman & Littlefield. This book was released on 2009-02-01 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: Aviation performance is an important cog in modern globalized economies, which demand flexibility, mobility, efficiency, and dependability. Airport delays have gone from being a nuisance to being a salient public concern, drawing the ire of even the White House. In this important book, international transportation experts compare and contrast how different nations have managed their airports and air traffic control systems and how well they are meeting the needs of their people. The book's cross-national approach encompasses several different institutional arrangements, making it a timely and valuable study in comparative political economy. Among the countries studied, the United States is sometimes seen as a bastion of free markets, at the forefront of airline deregulation, but its airports and air traffic control system are publicly owned and operated. The same is true in continental Europe, for the most part. In contrast, Australia, New Zealand, the United Kingdom, and Canada are experimenting with privatization, while even mainland China is allowing the private sector to participate in airport ownership. Which methods work best, and under what circumstances? This book provides the answers.
Download or read book The Routledge Companion to Network Industries written by Matthias Finger and published by Routledge. This book was released on 2015-11-19 with total page 391 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent decades, network industries around the world have gone through periods of de- and re-regulation. With vast amounts of sometimes conflicting research carried out into specific network industries, the time has come for a critical over-arching assessment of this entire industry in order to provide a platform of understanding to aid future research and practice. This comprehensive resource provides an orientation for academics, policy makers and managers as to the main economic, regulatory and commercial challenges in the network industries. The book is split into sections covering market, policy, regulation, management perspectives, whilst all of the key network industries are covered, including energy, transport, water and telecommunications. Overseen by world-class Editors and experts in the field, this inter-disciplinary resource is essential reading for students and researchers in international business, industrial economics and the industries.
Download or read book Aviation Markets written by David Starkie and published by Routledge. This book was released on 2016-12-05 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: Aviation Markets: Studies in Competition and Regulatory Reform is a collection of 17 papers selected from David Starkie's extensive writings over the last 25 years. Previously published material has been extensively edited and adapted, and combined with new material, published here for the first time. The book is divided into five sections, each featuring an original overview chapter, to better establish the background and also explain the papers' wider significance including, wherever appropriate, their relevance to current policy issues. These papers have been selected to illustrate a significant theme that has been relatively neglected thus far in both aviation and industrial economics: the role of the market and its interplay with the development of economic policy in the context of a dynamic but partly price regulated industry. The result provides a strong flavour of how market mechanisms, and particularly competition, can operate to successfully resolve policy issues. The book will be of interest to academics and those engaged in the formulation of aviation policy, such as public administrators and consultants, as well as those working in the aviation industry. It is also relevant to economic studies in a more general context, particularly to students and practitioners in industrial organisation economics, including those studying and researching the public utility industries.
Download or read book The New Airline Code written by Matt Andersson and published by iUniverse. This book was released on 2005 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Transport Nodal System written by Adolf K.Y. Ng and published by Elsevier. This book was released on 2018-01-26 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transport Nodal System provides a comprehensive introduction to the development of transport nodes and nodal systems, focusing on economic, operational, management, planning, policy, regulation and sustainability perspectives. Through a deep analysis on different types of transport nodes from diverse perspectives, this book shows the major issues and challenges that transport node planners, managers, and policymakers face, and how to address them. The book provides a clear framework for identifying the common attributes across all nodes that contribute to the efficient operations, planning, and management of transport facilities. Transport nodes such as seaports, inland terminals, airports, highways, and railroads are hubs in a multimodal transportation network that facilitate the smooth operation of passengers and freight. The book uniquely uses the transport node itself rather than a specific type of structure for a specific type of transport mode as the primary focus of analysis. While stressing the importance of transport nodes in developing efficient logistics and supply chains, the book also demonstrates that transport nodes are geographically embedded within a particular location, and that operations are inevitably affected by local factors, such as culture, the economy, the political and regulatory environment and other institutions. - Provides a unified look at multimodal transportation nodes to gain a better understanding of total system performance - Includes numerous case studies from developed and emerging economies - Uses an interdisciplinary approach where policy, regulations, economics, strategic management, operations, sustainability and technological innovation are considered together - Features chapters by scholars who specialize in different transport modes (land, sea and air) - Up-to-date outcomes utilizing author's original research provide a systematic investigation of the nodal system in both theory and practice
Download or read book The Network ed Economy written by Roman Beck and published by Springer Science & Business Media. This book was released on 2007-12-11 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: Roman Beck presents a new goods classification model to explore the dissemination of IT and e-business standards and designs two applications that support and improve firms' electronic interlaced communication by means of automation and standardization effects. He then examines how network effects drive the diffusion of communication standards and develops a model which is implemented as a simulation to show the dynamic interplay between direct and indirect network effects during the diffusion process. It also addresses critical mass and life cycle issues, as well as related utility changes in communication standards.
Download or read book Strategic Management in the Aviation Industry written by Herbert Baum and published by Taylor & Francis. This book was released on 2017-07-05 with total page 689 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive overview of current strategic challenges and measures required to meet those challenges in a dynamic industry. Experts from aviation practice and management, in addition to acknowledged scholars, contribute to this volume and combine academic expertise with economic and business perspectives in an unprecedented way for the aviation field. The focus is not restricted to passenger airlines. The five parts of the book additionally include chapters on alliance management and formation, strategic issues for air freight carriers and airport companies, as well as impacts the airline industry exerts on its environment. The book combines both concepts and results from recent academic research with applications and case studies from major industry players. Readership includes academics, students on advanced aviation courses, senior aviation professionals in airline, airport and supplier companies, international organizations and governmental agencies.
Download or read book Congestion and Delays written by United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Aviation Operations, Safety, and Security and published by . This book was released on 2012 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Airport Slots written by Achim I. Czerny and published by Routledge. This book was released on 2016-12-14 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past several decades, commercial air traffic has been growing at a far greater rate than airport capacity, causing airports to become increasingly congested. How can we accommodate this increased traffic and at the same time alleviate traffic delays resulting from congestion? The response outside the US has been to set a maximum number of slots and use administrative procedures to allocate these among competing airlines, with the most important consideration being 'grandfather rights' to existing carriers. The United States, on the other hand, has used administrative procedures to allocate slots at only four airports. In all other cases, flights have been handled on a first-come, first-served basis, with aircraft queuing for the privilege of landing or taking off from a congested airport. While recognizing the advantages of slot systems in lessening delays, economists have criticized both approaches as being sub-optimal, and have advocated procedures such as slot auctions, peak-load pricing and slot trading to better utilize congested airports. Edited by an international team of air transport economists and drawing on an impressive list of contributors, Airport Slots provides an extremely comprehensive treatment of the subject. It considers the methods currently used to allocate slots and applies economic analysis to each. The book then explains various schemes to increase public welfare by taxing or pricing congestion, and describes alternate slot-allocation schemes, most notably slot auctions. In addition, Airport Slots outlines the complexities involved in slot-allocation methods, including the requirement for multiple slots - a take-off slot at London Heathrow is useless unless there is a landing slot available at Frankfurt for a London Frankfurt flight. Finally, the book explores the economic pitfalls of slot-allocation schemes; for example, controls may not be required if external delay costs are internalized by a dominant carrier at its hub. Airport Slots provides a valuable contribution to the debate on how best to limit airport congestion. The book's comprehensive treatment of the subject matter provides the reader with a 'one-stop' volume to explore airport congestion and slot-allocation schemes, offering valuable insights to academics and practitioners alike.
Download or read book Transnational Terrorism written by Steven M. Chermak and published by Routledge. This book was released on 2019-11-11 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt: The dramatic terrorist attacks of 9/11 highlighted significant gaps in research on the topic as governments, community groups, social service agencies and law enforcement agencies were forced to respond without any evidence-based guidance on best practices for tactics, strategies, and policy development. The essays selected for this volume demonstrate that transnational terrorism is now a thriving area of study and display the breadth and depth of scholarship that has recently been published. The research draws attention to global patterns of transnational terrorism; highlights various structural and cultural explanations; provides an overview of some of the ways that terrorism impacts society; and discusses strategies used to effectively respond to transnational terrorism. This volume, which is of interest to academics, policymakers and practitioners, provides a repository of some of the best contemporary research in this field.
Download or read book Handbook on Transport Pricing and Financing written by Alejandro Tirachini and published by Edward Elgar Publishing. This book was released on 2023-05-09 with total page 497 pages. Available in PDF, EPUB and Kindle. Book excerpt: Taking a comprehensive approach to two central, closely intertwined themes in the field of transport economics, this illuminating Handbook recognizes the critical socioeconomic importance of transport pricing and financing.
Download or read book Economic Regulation of Urban and Regional Airports written by Peter Forsyth and published by Springer Nature. This book was released on 2023-05-02 with total page 453 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers new insights into the theory and practice of economic airport regulation. In light of recent developments in aviation markets and policy, and the debate on airport regulation and benchmarking, it offers case studies on various aspects of economic regulation of city and regional airports. Written by experts in the field, the volume features contributions on the theory of regulation and benchmarking, as well as case studies on recent experiences in Europe and Latin America. This book is divided into three parts: Part I provides the theoretical background for the study of airport regulation and regulatory systems. Competition at airports is discussed, as are common forms of regulation and potential pitfalls. Part II addresses benchmarking, as benchmarking is often applied as an input to the regulatory process. Although benchmarking is necessary, reviews of how benchmarking is applied in the literature and in practice show that improvements can be made. Part III provides case studies on real-world examples. Addressing the question of whether and how European airport regulators set incentives for efficiency, and how benchmarking is used in the regulatory process, this book is an important contribution to the development of the transport industry in Europe and Latin America. It will appeal to scholars and students in transport economics, regional economics and related fields, as well as to practitioners and policy makers in the transport industry.
Download or read book Working Paper Series written by and published by . This book was released on 2003 with total page 588 pages. Available in PDF, EPUB and Kindle. Book excerpt:
