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

7 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.
LanguageEnglish
Pages37-62
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 - Journal of Regulatory Economics

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 -