ECON 101 Lecture Notes - Lecture 10: Computer Reservations System, Nimby, Federal Aviation Administration

• School: U of M
• Department: Economics
• Course: ECON 101
• Professor: William James Adams

Document Summary

Air and bus / rail (low cped) Train vs air may be relevant in dense regions. (e. g. boston to. Not all air transport is in the same product market: business vs leisure travels. Air travel within us and air transport internationally. Point to point transport: this is complicated because diferent cities may be in close competition with each other for the same attraction. Metropolitan area vs another metropolitan area. (area with more than 1 airports) Creation of the civil aeronautics board (cab) in 1938 to address economic concerns of the airline industry. Federal aviation administration (faa) was responsible to organize the sky. (prevent collision: maintenance, safety, safety regulation. Economic regulation: who can enter the route, certiicate of public convenience and necessity in order to enter a particular route, fare charged on transportation. o. If you gained permission to operate an airline on safety grounds from faa, you can approach cab to request for a schedule" to ly.