Competition, vertical relationship and countervailing power: Empirical evidence from the UK airport industry

Anna Bottasso; Martina Bruno; Maurizio Conti; Claudio Piga

doi:10.1007%2Fs11149-017-9332-z

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 journal › Article › peer-review

11 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 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	https://doi.org/10.1007%2Fs11149-017-9332-z
Publication status	Published - Aug 2017
Externally published	Yes

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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{\textquoteright} market structure, we find that lower concentration in an airport{\textquoteright}s catchment area and higher airlines countervailing power are associated to lower aeronautical charges.",

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