Bijan Vasigh is Professor of Economics and Finance in the College of Business at Embry-Riddle Aeronautical University, Daytona Beach, Florida. He received a Ph.D. in Economics from the State University of New York and has published many articles concerning the aviation industry.

Brian Pearce is Honorary Professor at University College London Bartlett School's Air Transportation Systems Laboratory and also a Visiting Professor at the Centre for Air Transport Management at Cranfield University. He previously served as the Chief Economist of the International Air Transport Association's (IATA).

List of Figures

List of Tables

Preface to the Fourth Edition

Foreword

Acknowledgments

About the Authors

1. Evolution of the Air Transport Industry

2. Principles of Economics with Applications in Air Transport

3. Supply, Demand, and Elasticity: Analysis in the Airline Industry

4. Cost and Production Analysis: The General Concepts

5. Competitive Market Structure and Monopolistic Markets

6. Hybrid Market Structure and the Aviation Industry

7. Forecasting in the Air Transport Industry

8. Dynamic Pricing Policy and Revenue Management

9. Ultra-Low-Cost and Low-Cost Airlines: Paradigm Shifts

10. Economics of Aviation Safety and Security

11. International Economics and Aviation

12. Air Traffic Liberalization and Global Alliances

13. Aviation Infrastructure: Operations and Ownership

14. Climate Change and the Contribution of Transport

List of Abbreviations

Glossary Of Terms

Answers to Selected Questions and Problems

Index