Technology and Market Structure
Economics of science, technology and innovationPublished 1 January 1994
Almarin Phillips, Almarin Phillips, Thomas R. Phillips
Citations263
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Abstract
In 1950, the Pittsburgh Plate Glass Company (now PPG Industries) purchased a used C-47, the military version of the DC-3. The plane was converted to business use, with accommodations for 12 passengers and a crew of two. A caricature of a grasshopper was painted on the nose of the plane with the name, "The Glasshopper" inscribed below it. A former military pilot was hired, and PPG had an "executive aircraft" available for its use.1
Keywords
Economics, Econometrics and Finance