The paper analyses the problem of allocating landing slots at congested airports from an economic perspective. First, it considers the implications of an absence of market clearing prices, after which it examines the arguments for and against a secondary market in slots particularly drawing upon...

This paper questions the need for a special regulatory framework for European airports in the light of recent developments in the relationship between airlines and airports. Three factors underlie the changed relationship. These are: the creation of a single European aviation market; the...

This paper draws on a recent report from Copenhagen Economics, with which both authors were involved, to argue that the European airport market has changed such that airports are now subject to competitive constraints from a number of sources. While these will bite differentially according to...

In the airports industry, there is a trade off between imperfect (or monopolistic) competition and economic regulation (with the latter introducing separate economic distortions). The nature of the imperfectly competitive market in the supply of airport services is examined and it is suggested...

A number of studies are taking place to see if there is a viable market for a very large civil aircraft capable of carrying in excess of 600 passengers. The development and launch costs of such an aircraft are very high. Based on indicative costs reported in the press, estimates are derived of...

This paper examines the forms and effects of vertical relationships between airports and airlines with a focus on the North American and European aviation markets. We find that such vertical relationships enables those participating to achieve various benefits and may be formed as a competitive...

This paper focuses on measuring and comparing productive efficiency and profitability among airports owned and operated by government departments, 100% government-owned corporations, independent airport authorities, mixed enterprises with government majority ownership and mixed enterprises with...