The Economic Regulation of Airports

Organized in four parts, this work looks at Australasia, North America, Europe and Institutional Reforms 1. Australasia: Replacing Regulation in Australia: reviews the decision to abandon price regulation of airports and to replace it with price monitoring and analyses. The problems which emerged with price regulation as implemented. Towards Regulation in New Zealand outlines work on airport charging; systems of airport price regulation; as well as comparative studies of Manchester, Auckland, Christchurch and Wellington airports, considering whether relative differences in profitability of airports and airlines constitute a case for airport price regulation. 2. North America: Airport Pricing, Financing and Policy in Canada; and The Regulation of US Airports describe the regulatory framework, within which Canadian and US airports operate, and recent developments, identifying features which distinguish them from most other regions. It discusses airport regulation, revenue generation and its use, and future possible developments. 3. Europe: The Irish Airport Regulatory System and Sub-cap on Off-peak landing and Take-off Charges at Dublin Airport; New economic regulation of Amsterdam airport Schiphol.; UK Price cap regulation and governance, UK-Regulation from the perspective of British Airport Authority, BAA plc as the single owner of three London and four Scottish Airports; The distinction between smaller regional airports and larger airports; The adoption of price control; Statutory procedure for complaints about monopolistic behaviour by airports. New approaches in Airport / Airline Relations- Charges Framework of Frankfurt Airport; Privatization and Regulation of Austrian airports; Price cap Regulation at Hamburg airport - an assessment from an airport manager; Capacity Expansion and Regulation of German airports - towards reform of the basic rules of the industry. Even the most pessimistic scenarios assume that after a period of gloom, growth rates of the aviation industry will be back at the high levels of the last decades. Expanding capacity will be soon top of the agenda of economic and political management. 4. Airport Privatization and Regulation: Getting the Institutions Right evaluates the determinants of the adequate design of airport privatization policy, complementarities between the choice of a particular privatization form, accompanying institutional setting for the airport sector, policy on the form of privatization and the institutional framework for regulation.; On the Institutional Setting of Ex-post Regulation in Regulated Industries looks at highly regulated markets transform to competitive markets but the introduction of competition cannot be achieved simply by abolishing the old anti-competitive regulations. Liberalization of these sectors requires a new kind of regulation policy, not preventing but fostering competition.