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Liberalization in Aviation - Competition, Cooperation and Public Policy (Hardcover, New Ed)
Loot Price: R3,931
Discovery Miles 39 310
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Liberalization in Aviation - Competition, Cooperation and Public Policy (Hardcover, New Ed)
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The last few decades have witnessed substantial liberalization
trends in various industries and countries. Starting with the
deregulation of the US airline industry in 1978, regulatory
restructuring took place in further network industries such as
telecommunications, electricity or railways in various countries
around the world. Although most of the liberalization movements
were initially triggered by the worrying performances of the
respective regulatory frameworks, increases in competition and
corresponding improvements in allocative and productive efficiency
were typically associated with the respective liberalization
efforts. From an academic perspective, the transition from
regulated industries to liberalized industries has attracted a
substantial amount of research reflected in many books and research
articles which can be distilled to three main questions: (1) What
are the forces that have given rise to regulatory reform? (2) What
is the structure of the regulatory change which has occurred to
date and is likely to occur in the immediate future? (3) What have
been the effects on industry efficiency, prices and profits of the
reforms which have occurred to date? Liberalization in Aviation
brings together renowned academics and practitioners from around
the world to address all three questions and draw policy
conclusions. The book is divided into five sections, in turn
dealing with aspects of competition in various liberalized markets,
the emergence and growth of low-cost carriers, horizontal mergers
and alliances, infrastructures, and concluding with economic
assessments of liberalization steps so far and proposed steps in
the future.
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