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Biz Jets : Technology and Market Structure in the Corporate Jet Aircraft Industry - Almarin Phillips

Biz Jets

Technology and Market Structure in the Corporate Jet Aircraft Industry

Hardcover Published: 31st January 1994
ISBN: 9780792326601
Number Of Pages: 273

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Biz Jets: Technology and Market Structure in the Corporate Jet Aircraft Industry traces the development of business jet aircraft from the mid-1950s through early 1993. It begins with a discussion of the technological and market opportunities existing in the period prior to the introduction of the Lockheed JetStar and the North American Sabreliner. The subsequent appearances of other biz jets -- the Learjets, HS-125s, Jet Commanders, Falcons, Gulfstreams, Citations, Challengers, Mitsubishis and derivative aircraft are treated in considerable detail. Biz Jets also covers 'planes involved in many unsuccessful attempts to enter the industry from 1955 through 1993.
The study shows that while the industry has been quite concentrated throughout its history, the positions of the leading firms have always been contestable. Indeed, leaders at one point in time have often been displaced by others who succeeded in marshalling technological and market opportunities to their advantage. Manufacturers have had to undertake continuous efforts to improve the price-performance characteristics of their aircraft to gain and hold their market shares.
Rivalries in the effective use of the stream of new technologies have brought forth new aircraft with both better performance and lower operating costs. At the same time, however, participation in the market has been extremely risky. Only a few companies have been able to earn profits. Entries, exits and mergers have altered the structure of the industry, but it remained decidedly unstable at least through 1992.

List of Tables
Technology and Market Structurep. 1
The 1950's: Pressures Build for the Introduction of Business Jetsp. 13
1960-1970: The Developing Market for Business Jet Aircraftp. 35
Cessna Opens the Lower End of the Marketp. 73
The "Heavy Iron" Business Jets: Gulfstream, Dassault and Canadairp. 103
The Market for Mid-Sized Business Jets After 1970p. 141
Schumpeterian Rivalry and the Market for Business Jetsp. 193
Appendix A: Operation Cost Regressionp. 231
Appendix B: Characteristics of Business Jet Aircraft Available in the United States, 1958-1993p. 235
Appendix C: Glossaryp. 255
Indexp. 259
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780792326601
ISBN-10: 0792326601
Series: Economics of Science, Technology and Innovation
Audience: General
Format: Hardcover
Language: English
Number Of Pages: 273
Published: 31st January 1994
Publisher: Springer
Country of Publication: NL
Dimensions (cm): 23.5 x 15.5  x 1.91
Weight (kg): 1.3

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