- Available for pre-order on June 8, 2023. Item will ship after June 29, 2023
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This book provides a comprehensive guide to the economics of airports for all managers, regulators and educators within the aviation industry. Written by three renowned experts but made accessible and relevant for all those working within the industry, or aspiring to do so, it is the perfect entry point for learning about the underlying economics of airports as a crucial component of the air transport system. It explains the cost structures of airports, and then relates these to how airports determine their charges.
It explains how charges at different airports differ, whether this is due to different types of traffic, different input prices, ways of producing outputs and different levels of efficiency. Most airports are publicly owned or regulated, and there has been a trend towards privatisation. The book explains how airports have been regulated and assesses how well the regulatory structures have performed; it discusses the trend towards light-handed regulation and the reliance on competition where this exists. The book examines the problems of limited capacity at airports and how these are resolved through slots and charging systems, and the long-term solution of investment in airports – why it is controversial, and how it can be achieved effectively. It also considers the environmental impacts of airports and the issues these pose for managers, from the well-known problems of airport noise to the growing recognition of the impacts of air transport on climate change, and the roles airports in mitigating these consequences.
Written for airport and airline managers, regulators and students, this book will suit Bachelors and Masters programmes on air transport management.
Table of Contents
1 An Introduction to Airport Economics, Part 1 Demand, Costs and Pricing, 2 Location, Demand and Forecasting, 3 Costs and Market Structure, 4 Pricing and Capacity Allocation, Part 2: Ownership, Regulation and Efficiency, 5 Ownership, Finance and Investment, 6 Airport Regulation and Competition, 7 Airport Performance: Efficiency and Quality, Part 3 Environment and Impacts, 8 Airports and the Environment, 9 Economic Impacts, Policy and Covid, 10 Summary and Conclusions
Peter Forsyth has been at Monash University since 1997, originally as Professor of Economics, and since 2014 as Adjunct Professor. Much of his research has been on transport economics and especially on the economics of aviation. He has published widely in both tourism and aviation. In recent years Peter has done considerable research on economic policies to reduce greenhouse gas emissions of aviation. He has also done extensive work using Computable General Equilibrium models to analyse aviation policy issues. In 2015 he was made a Fellow of the Air Transport Research Society.
Cathal Guiomard was the Commissioner for Aviation Regulation in Ireland between 2006-2014. He is currently an Assistant Professor in Aviation Management at the Dublin City University (DCU) Business School, Ireland, where he teaches aviation management, aviation economics and regulation. He engages in research on aviation and regulatory issues. He is Chair of the Programme Board of the BSc degree in Aviation Management. He holds an MPhil (Oxford) and a PhD (UCD).
Hans-Martin Niemeier is the Director of the Institute for Transport and Development at Bremen University of Applied Sciences. He is Chairman of the German Aviation Research Society and member of the Advisory Board of the European Aviation Conference. He chaired the COST Action “Air Transport and Regional Development”. From 2014 to May 2019 he was a member of the Performance Review Body of the Single European Sky. Hans-Martin has published on privatization, regulation and competition of airports, the reform of slot allocation and on airline and airport alliances.