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 language | English |
|---|---|
| Pages (from-to) | 37-62 |
| Number of pages | 26 |
| Journal | Journal of Regulatory Economics |
| Volume | 52 |
| Issue number | 1 |
| Early online date | 29 May 2017 |
| DOIs | |
| Publication status | Published - Aug 2017 |
| Externally published | Yes |
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Profiles
Claudio Piga
- Department of Accounting, Finance and Economics - Professor of Economics
- Huddersfield Business School
- Northern Productivity Hub
Person: Academic
Cite this
Bottasso, A., Bruno, M., Conti, M., & Piga, C. (2017). Competition, vertical relationship and countervailing power: Empirical evidence from the UK airport industry. Journal of Regulatory Economics, 52(1), 37-62. https://doi.org/10.1007%2Fs11149-017-9332-z