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.
1: Introduction and Overview; A: Liberalization and Airline Competition; 2: Market Entry and the Evolution of the US Airline Industry 1995-2009; 3: Competition among European Airlines - on the Role of Product Differentiation; 4: Airline Competition in Connecting Markets; 5: Airline Competition in Liberalized Markets: Effects on Thin Routes; 6: How Liberalization Can Go Wrong: The Case of Alitalia; 7: Airline Liberalization and Implications for Safety: A Theoretical and Empirical Conundrum; B: Liberalization and Low Cost Airline Competition; 8: Liberalization of Air Transport in Europe and the Evolution of 'Low-cost' Airlines; 9: Low-cost Carrier Services in Germany and Europe - from Novel to Normal; 10: À la Carte Pricing to Generate Ancillary Revenue: The Case of Ryanair; C: Liberalization and Airline Cooperation; 11: An Assessment of the Success of Cross-border Airline Mergers and Acquisitions in Europe; 12: Open Skies and Antitrust: Do We Need Them Both? A Review of the Air New Zealand Cases; 13: The Impact of Liberalization on Cross-border Airline Mergers and Alliances; 14: Economic Effects of Antitrust Immunity for Airline Alliances: Identification and Measurement; 15: Parallel Frequent Flier Programme Partnerships: Impact on Frequency; D: Liberalization and Infrastructure; 16: Airport Traffic Growth and Airport Financial Performance; 17: Deregulating Ground Handling Services in Europe - Case Studies on Six Major European Hubs; 18: Comparative Inefficiencies of Various Air Navigation Service Systems; E: Liberalization and Public Policy; 19: Economic Impact of Aviation Liberalization; 20: European Liberalization: A View From Afar; 21: Economic Evaluation of Air Services Liberalization: The New Calculus; 22: Multilateral interlining in Deregulated Air Transport Markets; 23: US Bilateral Air Transport Policy; 24: Canadian international Aviation: Policy and Challenges
