The purpose of this paper is to question the need for a special regulatory framework for European airports in the light of recent developments in the relationship between airlines and airports; to argue that the airport business should now be treated like most other industries and be subject...

This paper develops a model that measures the equilibrium changes and welfare consequences of liberalizing the fare, entry and service levels of a bilateral air transport agreement. The model also provides measures of the distribution of gains and losses across the consumers and airlines of each...