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THE EVOLUTION OF THE US AIRLINE INDUSTRY: TECHNOLOGY, ENTRY, AND MARKET STRUCTURE - THREE REVOLUTIONS -

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  • Source:
    Journal of Air Law and Commerce, 2007/04/01, Vol: 72, p305
  • Additional Information
    • Author:
      Eldad Ben-Yosef
    • Citation:
      72 J. Air L. & Com. 305
    • Copyright:
      Copyright (c) 2007 Southern Methodist University Dedman School of Law
    • Abstract:
      I. INTRODUCTION [A]VIATION TECHNOLOGY has come a long way since the introduction of flight at the turn of the twentieth century. In fact, the industry is considered to be in a mature stage of its life cycle; technology has evolved - and the industry has locked-in - to a dominant technology standard, so that radical intra-industry-spawned product innovation and industry shakeouts are largely unlikely. 1 This evolutionary process is path dependent: the initial conditions, history, and specific evolution of technology, markets, regulations, and many other processes co-evolved over time in a specific manner to create enormous barriers for critical changes. 2 The general concept of path dependence and lock-in has attracted the attention of economists and policy makers, focusing on several intriguing questions: is the emerging dominant technology (and related markets, institutions, and infrastructure) socially efficient, or are we trapped in an inefficient position? Can new entry challenge the leading incumbent firms and their dominant market positions? Is lock-in a market failure? Should the government intervene and, if so, can it, in fact, move technologies and markets to more desirable positions (assuming such are known and conform to the will of the political majority)? 3 Management and business researchers, on the other hand, have analyzed a large number of case histories showing that mature and powerful incumbents often become vulnerable and lose their dominance to disruptive entry. 4 They focused on somewhat different questions: what are the typical strengths of a small marginal entry, and what might make it ...
    • Subject Terms:
    • Keywords:
      infrastructure
      technologies
      institutions
      evolutionary
      introduction
      researchers
      inefficient
      regulations
      disruptive
      vulnerable
    • Accession Number:
      edslex6133ADFB
  • Citations
    • ABNT:
      BEN-YOSEF, E. The Evolution of the Us Airline Industry: Technology, Entry, and Market Structure - Three Revolutions -. Journal of Air Law and Commerce, [s. l.], v. 72, p. 305, 2007. Disponível em: http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edslex&AN=edslex6133ADFB&custid=s8280428. Acesso em: 20 fev. 2020.
    • AMA:
      Ben-Yosef E. The Evolution of the Us Airline Industry: Technology, Entry, and Market Structure - Three Revolutions -. Journal of Air Law and Commerce. 2007;72:305. http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edslex&AN=edslex6133ADFB&custid=s8280428. Accessed February 20, 2020.
    • APA:
      Ben-Yosef, E. (2007). The Evolution of the Us Airline Industry: Technology, Entry, and Market Structure - Three Revolutions -. Journal of Air Law and Commerce, 72, 305.
    • Chicago/Turabian: Author-Date:
      Ben-Yosef, Eldad. 2007. “The Evolution of the Us Airline Industry: Technology, Entry, and Market Structure - Three Revolutions -.” Journal of Air Law and Commerce 72 (April): 305. http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edslex&AN=edslex6133ADFB&custid=s8280428.
    • Harvard:
      Ben-Yosef, E. (2007) ‘The Evolution of the Us Airline Industry: Technology, Entry, and Market Structure - Three Revolutions -’, Journal of Air Law and Commerce, 72, p. 305. Available at: http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edslex&AN=edslex6133ADFB&custid=s8280428 (Accessed: 20 February 2020).
    • Harvard: Australian:
      Ben-Yosef, E 2007, ‘The Evolution of the Us Airline Industry: Technology, Entry, and Market Structure - Three Revolutions -’, Journal of Air Law and Commerce, vol. 72, p. 305, viewed 20 February 2020, .
    • MLA:
      Ben-Yosef, Eldad. “The Evolution of the Us Airline Industry: Technology, Entry, and Market Structure - Three Revolutions -.” Journal of Air Law and Commerce, vol. 72, Apr. 2007, p. 305. EBSCOhost, search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edslex&AN=edslex6133ADFB&custid=s8280428.
    • Chicago/Turabian: Humanities:
      Ben-Yosef, Eldad. “The Evolution of the Us Airline Industry: Technology, Entry, and Market Structure - Three Revolutions -.” Journal of Air Law and Commerce 72 (April 1, 2007): 305. http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edslex&AN=edslex6133ADFB&custid=s8280428.
    • Vancouver/ICMJE:
      Ben-Yosef E. The Evolution of the Us Airline Industry: Technology, Entry, and Market Structure - Three Revolutions -. Journal of Air Law and Commerce [Internet]. 2007 Apr 1 [cited 2020 Feb 20];72:305. Available from: http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edslex&AN=edslex6133ADFB&custid=s8280428