AVIATION MARKETS. Studies in Competition and Regulatory Reform.
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 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.
Contents: Preface: Part I Airline Competition: Overview: Contestability and sustainability in regional airline markets: European airline de-regulation: a prediction: Predatory conduct in the airline industry: a proposal to the US DoT. Part II Airport Privatisation, Industry Structure and Regulation: Overview: Privatisation and structure: Reforming airport regulation: Regulatory developments. Part III Economic Regulation: Some Issues: Overview: Airport cross-subsidy: Pre-empting market decisions: Testing the regulatory model: Airport investment: the regulatory dilemma: Incentives and airport investment: A critique of the single-till. Part IV Airport Competition: Overview: Competition and market power: The financial performance of the smaller UK airports. Part V Infrastructure Access: Overview: Slot trading at United States airports: The economics of secondary markets in airport slots: A defence of slot concentration at network hubs: References: Index.