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

9 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

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