Time Sensitivity of Passengers and Market Structure in the Airline Industry

The book delves into the evolving landscape of the international airline industry amid deregulation and the rise of open-sky agreements. It explores critical questions regarding competitive behavior versus potential collusion among airlines, the implications of large networks on market monopolies, and the impact of these changes on consumer welfare. Roland Fischer presents an economic model that integrates traditional market theories with unique characteristics of air transport, supported by case studies that highlight real-world firm behavior and market structure development in a liberalized environment.