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Biz Jets - Technology and Market Structure in the Corporate Jet Aircraft Industry (Hardcover, 1994 ed.)
Loot Price: R4,322
Discovery Miles 43 220
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Biz Jets - Technology and Market Structure in the Corporate Jet Aircraft Industry (Hardcover, 1994 ed.)
Series: Economics of Science, Technology and Innovation, 1
Expected to ship within 12 - 17 working days
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Biz Jets: Technology and Market Structure in the Corporate Jet
Aircraft Industry traces the development of business jet aircraft
from the mid-1950s through early 1993. It begins with a discussion
of the technological and market opportunities existing in the
period prior to the introduction of the Lockheed JetStar and the
North American Sabreliner. The subsequent appearances of other biz
jets -- the Learjets, HS-125s, Jet Commanders, Falcons,
Gulfstreams, Citations, Challengers, Mitsubishis and derivative
aircraft are treated in considerable detail. Biz Jets also covers
'planes involved in many unsuccessful attempts to enter the
industry from 1955 through 1993. The study shows that while the
industry has been quite concentrated throughout its history, the
positions of the leading firms have always been contestable.
Indeed, leaders at one point in time have often been displaced by
others who succeeded in marshalling technological and market
opportunities to their advantage. Manufacturers have had to
undertake continuous efforts to improve the price-performance
characteristics of their aircraft to gain and hold their market
shares. Rivalries in the effective use of the stream of new
technologies have brought forth new aircraft with both better
performance and lower operating costs. At the same time, however,
participation in the market has been extremely risky. Only a few
companies have been able to earn profits. Entries, exits and
mergers have altered the structure of the industry, but it remained
decidedly unstable at least through 1992.
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