Topic: 5.2 Airports

A complete indexing and article service is available free from 1967 to 2000

An Analysis of the Effects of European Aviation Deregulation on an Airline’s Network Structure and Choice of a Primary West-European Hub Airport

This paper focuses on the potential of specific airports to attract new services and carriers. A network simulation model is developed for an airline operating in a deregulated market, whose economic objectives are profit maximisation and market dominance. The model simulates the potential profits that this hypothetical airline can expect if it adopts a hub-and-spoke network with a specific airport as its hub.

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Aircraft Noise and Residential Property Values: An Artificial Neural Network Approach

The properties of Artificial Neural Networks (ANNs) are outlined and shown to discriminate the effect of aircraft noise from other value determinants in a study of residential property values adjacent to Manchester International Airport. The varying effects of noise on different property types and neighbourhoods are identified. The results are contrasted with earlier hedonic regression-based studies.

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Density of Residential Land Use and the Impact of Airport Noise

Although communities have shown increasing concern for the environment, hedonic regression shows little change over time in the relationship of airport noise to the property values of detached dwellings. The effects of noise on the value of condominiums and on the value of vacant land are found to be higher than for detached houses and are statistically significant.

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The Economics of Direct Flights

Tourist industry officials lobby governments to invest in longer runways and larger terminals in order to accommodate direct flights. The authors evaluate the introduction of direct flights from the west coast of the US to Hawaii’s neighbouring islands, bypassing the previous hub, Honolulu. They find a significant, though modest, increase in travel. Direct flights may not always generate enough additional travel demand to warrant the necessary investments.

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Commercial Funding of transport Infrastructure. Lessons from Some Australian Cases

The study analyses the institutional arrangements for: (1) private participation in the new Sydney Harbour Tunnel, and (2) the provision of new terminals at minor airports operated by a public-sector corporation. Commercial objectives probably secure efficient management of construction, but otherwise reap few efficiency benefits. When there are tight constraints on government budgets, commercial funding mechanisms make it easier for governments to promote their favoured schemes.

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