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The recent economic downturn took a severe toll on the aviation industry, leading to a significant contraction in air transport demand. In spite of that, airports' operating costs did not mirror the declining traffic trends and continued to increase during the same period. This paper sought to...
Persistent link: https://www.econbiz.de/10010595139
In a context of debate over the future of the US Federal Aviation Administration's (FAA) funding model, this paper revisits the current system of airport classification used for the allocation of public funding for capacity developments. Previous papers have already addressed the limitations of...
Persistent link: https://www.econbiz.de/10011117789
High-Speed Rail (HSR) infrastructure is costly and requires high investment during the construction and operation periods, which is mainly financed with public funds. This economic effort is seldom set off, which leads to subsidies with the money collected from public debt growth or tax pressure...
Persistent link: https://www.econbiz.de/10011056800