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The Economics of Airlines. By Volodymyr Bilotkach. Newcastle, U.K.: Agenda Publishing Company, 2017. x + 174 pp. Figures, tables, references, index. Paperback, $23.00. ISBN: 978-1-91111-614-1.
I had mixed feelings after reading this book. It was too rigorous to be pop economics or something you would find in airport bookstores, yet it did not have the depth of top-notch textbook quality either; it tells you how things work rather than why they exist, which is a more fundamental question. The author wanted to describe the global aviation industry and how it affects, as well as is affected by, global economic events. He also wanted to place aviation in a context of modern economics and social responsibility by explaining the externalities, both positive and negative, that the airline industry generates. To this end he has succeeded.
The four parts that make up the book could each stand alone but, I found, have a sensible sequence. Part 1 describes the basic economics of the demand...