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ix | |
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xiii | |
About the authors |
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xvi | |
Foreword |
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xvii | |
Preface to the third edition |
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xix | |
Acknowledgements |
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xxi | |
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1 Advancement of the air transport industry |
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1 | (23) |
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2 | (4) |
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Financial condition of the airline industry |
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6 | (3) |
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Consolidation and bankruptcies |
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9 | (6) |
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Factors affecting world air traffic growth |
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15 | (2) |
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Economic impact of the air transport industry |
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17 | (3) |
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Outlook for the air transport industry |
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20 | (1) |
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21 | (1) |
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21 | (3) |
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2 Principles of economics with applications in the air transport industry |
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24 | (22) |
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25 | (1) |
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25 | (10) |
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The role of economic systems |
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35 | (3) |
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38 | (5) |
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43 | (1) |
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43 | (3) |
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3 Supply, demand, and elasticity: analysis in the airline industry |
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46 | (60) |
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47 | (3) |
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50 | (1) |
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51 | (1) |
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51 | (21) |
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72 | (6) |
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78 | (7) |
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Consumer and producer surplus |
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85 | (4) |
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89 | (1) |
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Price sensitivity and elasticity |
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90 | (11) |
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101 | (1) |
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101 | (5) |
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4 Cost and production analysis: the general concepts |
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106 | (45) |
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107 | (4) |
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111 | (4) |
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115 | (7) |
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Economies of scale, scope, and density |
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122 | (4) |
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126 | (3) |
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Airline industry cost structure |
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129 | (10) |
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Airline economies of scale, scope, and density |
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139 | (3) |
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Airline breakeven analysis |
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142 | (2) |
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Airline operating leverage |
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144 | (1) |
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145 | (1) |
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145 | (6) |
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5 Operations and ownership |
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151 | (22) |
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Air traffic control system |
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152 | (5) |
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Institutional problems in US air traffic control |
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157 | (1) |
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Air traffic control in a government corporation |
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158 | (1) |
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Solutions to air traffic control problems in the US |
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158 | (3) |
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Airport ownership and management |
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161 | (7) |
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168 | (1) |
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169 | (4) |
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6 International economics and aviation |
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173 | (34) |
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174 | (3) |
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International economics and trade |
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177 | (7) |
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184 | (8) |
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Aircraft manufacturing and governmental subsidies |
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192 | (1) |
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International trade policy in air travel: optimality versus political realities |
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193 | (3) |
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Foreign currency and exchange rates |
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196 | (2) |
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198 | (1) |
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199 | (8) |
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7 Open skies and global alliances |
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207 | (25) |
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Chronology of international air transport agreements |
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208 | (2) |
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Bilateral and multilateral air service agreements |
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210 | (6) |
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216 | (2) |
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Open skies in Asia and the Pacific |
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218 | (1) |
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Global airline strategic alliances |
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219 | (9) |
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228 | (1) |
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228 | (4) |
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8 Competitive market structure and monopolistic markets |
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232 | (33) |
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233 | (1) |
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Perfect (pure) competition |
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233 | (9) |
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242 | (12) |
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Monopoly market power in aviation |
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254 | (6) |
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Monopsony and bilateral monopoly |
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260 | (1) |
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261 | (1) |
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262 | (3) |
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9 Hybrid market structure and the aviation industry |
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265 | (41) |
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266 | (5) |
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271 | (8) |
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279 | (2) |
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Kinked demand curve theory |
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281 | (1) |
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282 | (3) |
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Price-output determination under hybrid market structure |
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285 | (4) |
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289 | (2) |
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Competition and anti-trust issues |
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291 | (5) |
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296 | (4) |
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Beyond market concentration considerations |
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300 | (1) |
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Anti-trust, market evolution, and cooperation |
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301 | (1) |
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302 | (1) |
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302 | (4) |
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10 Forecasting in the air transport industry |
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306 | (52) |
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308 | (1) |
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Qualitative forecasting methods |
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309 | (6) |
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315 | (1) |
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316 | (4) |
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320 | (4) |
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324 | (7) |
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331 | (3) |
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334 | (15) |
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349 | (3) |
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352 | (1) |
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352 | (6) |
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11 Dynamic pricing policy and revenue management |
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358 | (48) |
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359 | (1) |
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360 | (2) |
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Markup and price elasticity of demand |
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362 | (2) |
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364 | (1) |
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Unbundling and airline ancillary revenue |
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365 | (1) |
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Market skimming and penetration pricing |
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365 | (1) |
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366 | (1) |
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Price discrimination in the airline industry |
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367 | (1) |
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367 | (2) |
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Necessary conditions for price discrimination |
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369 | (1) |
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Degrees of price discrimination |
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370 | (2) |
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Uniform pricing versus price discrimination |
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372 | (1) |
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Uniform versus multiple pricing |
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373 | (3) |
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Airline revenue management |
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376 | (1) |
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Revenue management "fences" |
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377 | (3) |
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Revenue management control types |
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380 | (2) |
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382 | (2) |
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Leg-based expected marginal seat revenue model |
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384 | (7) |
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391 | (7) |
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Other issues associated with revenue management |
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398 | (1) |
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399 | (1) |
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399 | (7) |
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12 Ultra-low-cost and low-cost airlines: paradigm shifts |
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406 | (27) |
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407 | (1) |
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Evolution of low-cost business model |
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408 | (4) |
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Characteristics of low-cost carriers |
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412 | (10) |
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Cost structure comparison |
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422 | (3) |
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425 | (1) |
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Incumbent carriers' response to low-cost carriers |
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426 | (2) |
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428 | (1) |
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429 | (1) |
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430 | (3) |
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13 Economics of aviation safety and security |
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433 | (26) |
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The basics of aviation safety |
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434 | (1) |
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The history of aviation safety |
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435 | (4) |
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Incentives for aviation safety |
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439 | (4) |
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Causes of aviation accidents |
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443 | (8) |
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Basic economics of safety |
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451 | (1) |
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Politics and safety regulation |
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452 | (2) |
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454 | (1) |
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455 | (1) |
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455 | (4) |
Glossary of terms |
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459 | (7) |
Abbreviations |
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466 | (4) |
Answers to selected questions and problems |
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470 | (15) |
Index |
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485 | |