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A Transaction Cost Analysis of Scheduled international Air Transport of
Passengers
Ravoo, M.
Publication date
2000
Link to publication
Citation for published version (APA):
Ravoo, M. (2000). A Transaction Cost Analysis of Scheduled international Air Transport of
Passengers. Universiteit van Amsterdam.
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Contents s
Preface e
Tablee of abbreviations and acronyms
l l vii i Chapterr I Chapterr II Chapterr m -Introducbon n
1.11 - Objective of the thesis 1.22 -Context of the thesis 1.33 - Central questions 1.44 -Methodology 1.55 - Scope of the thesis 1.66 -Organisation of the diesis
Transactionss and transaction cost .n»tv<^
2.11 - Introduction 2.22 Transactions 2.33 - Transaction costs
2.44 - Factors influencing transaction 2.4.11 -Frequency 2.4.22 - Uncertainty 2.4.33 - Asset specifiry 2.4.44 - Bounded rationality 2.4.55 - Opportunism 2.55 - Effectiveness 2.66 Industry environment 2.77 - Governance structures 2.7.11 - Non-specific structure 2.7.22 - Semi-specific structure 2.7.33 - Transaction-specific structure 2.7.3.11 -General comment 2.7.3.2-Thee 6nn 2.7.3.33 -TheState 2.88 - Concluding remarks Thee Bilateral stmchms 3.11 n 3.2-Bilateralism m
3.3-Partiess to the transaction 3.3.1-States s
3.3.1.1-- Psychological goal 3.3.1.22 - Financial goal 3.3.1.3-Politicall and social goal
3.3.1.44 - Implementation of the air transport goal in the Bilateral structure 3.3.1.4.11 - Traffic votume 3.3.1.4.22 * Fleet composition 3.3.1,4.3-Markett behaviour 3.3.1.55 - Interstate relations 3.3.22 - Airlines 3.3.33 - Airports 3.3.4-Internationall organisations
3.44 - The object of the exchange and property rights
P«fe e 9 9 9 9 12 2 15 5 15 5 17 7 19 9 21 1 22 2 27 7 31 1 31 1 31 1 32 2 33 3 33 3 34 4 35 5 40 0 42 2 45 5 50 0 50 0 51 1 52 2 54 4 56 6 57 7 57 7 58 8 59 9 59 9 64 4 69 9 71 1
3.5-Thee transaction process 75 3.5.11 -Contact phase 75 76 6 78 8 80 0 83 3 3.5.22 - Contract phase 3.5.33 n phase
3.5.44 - Compliance and enforcement 3.66 - Characterization of the Bilateral structure
3.77 - Further developments g4
Chapterr I V - The Community structure
4.1'Introductionn 37 89 9
95 5 4.22 - European integration, EC Treaty and air transport
4.33 - European air transport packages
4.44 - Current Community structure 95 4.55 - Parties to the transaction 99 4.5.1-- EC Commission
4.5.22 - EC Council of Ministers 4.5.33 - EC Parliament 4.5.4-ECCourts s
4.5.55 - Objectives of the EC institutions 104 4.5.66 - Member States 4.5.6.11 - General remarks 99 9 100 0 102 2 102 2 105 5 105 5 4.5.6.22 - Implementation of the air transport goal in the Community structure 109
109 9 109 9 109 9 110 0 4.5.6.2.11 - Traffic volume 4.5.6.2.22 - Fleet composition 4.5.6.2.33 - Market behaviour 4.5.6.33 - Interstate relations 4.5.77 - Community carriers U 2 4.5.88 - Community airports U 5 4.5.99 - International organisations Hg 4.66 - The object of the exchange and property rights 119
4.77 - The transaction process 120 4.7.1-Contactt phase 120 4.7.22 - Contract phase 120 4.7.33 - Execution phase 126 4.7.4-- Compliance and enforcement 128
4.88 - Characterization of the Community structure 130
4.99 - Further developments 131
Chapterr V - Comparison of the Bilateral «id Cmnmmiiiv structures
5.1-Introductionn 133 5.22 -Characteristics of and trends the air transport industry 134
5.2.1-Internationall nature 134 5.2.22 - Co-operation 134 5.2.33 - State intervention and deregulation 13g
5.2.44 - Industry environment 139 5.2.55 - New market players
5.33 - Core dimensions
5.44 - Features of the Bilateral structure 143 5.5-- Effectiveness of die Bilateral structure 145 5.66 -Transaction cost efficiency of the Bilateral structure 147
5.6.11 - Transaction frequency 147 5.6.22 - Uncertainty 149 5.6.33 - Asset specificity 151 5.6.44 - Opportunism 153 141 1 141 1
5.77 - Features of the Community governance structure 158 5.88 - Effectiveness of the Community structure 160 5.99 -Transaction cost efficiency of the Community stmcture 163
5.9.11 - Transaction frequency 163
5.9.2-Uncertaintyy t64 5.9.33 - Asset specificity 167 5.9.44 - Opportunism 168 5.100 -Optimal governance structure 175
Chapterr VI Kmnm«rv . M coremskms
6.11 n 182
6.22 -Summary of the model 184 6.3-Summaryy of findings 185
6.44 - Recommendations and suggestions for improvement 186 6.4.11 - Suggestions for improvement from me perspective of the state
ass member of the Community 186
6.4.1.1-Effectivenesss 186 6.4.1.2-Transactionn cost efficiency 190
6.4.22 - Suggestions for improvement from a state-industry perspective 190
6.4.2.11 - Effectiveness 190 6.4.2.22 - Transaction cost efficiency 191
6.55 Evaluation 192
Summaryy in Dutch ] 95
Literaturee and references 202
Epiloguee 217 Indexx 220
