Competition, vertical relationship and countervailing power

Empirical evidence from the UK airport industry

Anna Bottasso, Martina Bruno, Maurizio Conti, Claudio Piga

Research output: Contribution to journalArticle

8 Citations (Scopus)

Abstract

In this paper, we study whether competition in the airport market and the vertical interactions between upstream airports and downstream airlines influence the airport pricing decisions. Using a panel of the 24 largest UK airports, as well as a refined definition of airports’ market structure, we find that lower concentration in an airport’s catchment area and higher airlines countervailing power are associated to lower aeronautical charges.
Original languageEnglish
Pages (from-to)37-62
Number of pages26
JournalJournal of Regulatory Economics
Volume52
Issue number1
Early online date29 May 2017
DOIs
Publication statusPublished - Aug 2017
Externally publishedYes

Fingerprint

Empirical evidence
Airports
Industry
Countervailing power
Vertical relationships
Airlines
Pricing decisions
Interaction
Market structure
Charge

Cite this

@article{6008a6b0182b4644b20f54d337403305,
title = "Competition, vertical relationship and countervailing power: Empirical evidence from the UK airport industry",
abstract = "In this paper, we study whether competition in the airport market and the vertical interactions between upstream airports and downstream airlines influence the airport pricing decisions. Using a panel of the 24 largest UK airports, as well as a refined definition of airports’ market structure, we find that lower concentration in an airport’s catchment area and higher airlines countervailing power are associated to lower aeronautical charges.",
keywords = "Airport, Competition, Countervailing power, Vertical relations",
author = "Anna Bottasso and Martina Bruno and Maurizio Conti and Claudio Piga",
year = "2017",
month = "8",
doi = "10.1007{\%}2Fs11149-017-9332-z",
language = "English",
volume = "52",
pages = "37--62",
journal = "Journal of Regulatory Economics",
issn = "0922-680X",
publisher = "Springer Netherlands",
number = "1",

}

Competition, vertical relationship and countervailing power : Empirical evidence from the UK airport industry. / Bottasso, Anna; Bruno, Martina; Conti, Maurizio; Piga, Claudio.

In: Journal of Regulatory Economics, Vol. 52, No. 1, 08.2017, p. 37-62.

Research output: Contribution to journalArticle

TY - JOUR

T1 - Competition, vertical relationship and countervailing power

T2 - Empirical evidence from the UK airport industry

AU - Bottasso, Anna

AU - Bruno, Martina

AU - Conti, Maurizio

AU - Piga, Claudio

PY - 2017/8

Y1 - 2017/8

N2 - In this paper, we study whether competition in the airport market and the vertical interactions between upstream airports and downstream airlines influence the airport pricing decisions. Using a panel of the 24 largest UK airports, as well as a refined definition of airports’ market structure, we find that lower concentration in an airport’s catchment area and higher airlines countervailing power are associated to lower aeronautical charges.

AB - In this paper, we study whether competition in the airport market and the vertical interactions between upstream airports and downstream airlines influence the airport pricing decisions. Using a panel of the 24 largest UK airports, as well as a refined definition of airports’ market structure, we find that lower concentration in an airport’s catchment area and higher airlines countervailing power are associated to lower aeronautical charges.

KW - Airport

KW - Competition

KW - Countervailing power

KW - Vertical relations

U2 - 10.1007%2Fs11149-017-9332-z

DO - 10.1007%2Fs11149-017-9332-z

M3 - Article

VL - 52

SP - 37

EP - 62

JO - Journal of Regulatory Economics

JF - Journal of Regulatory Economics

SN - 0922-680X

IS - 1

ER -