privatization. We investigate whether the privatization process produces a sequential impact over traffic. By employing a regression … analysis of pre-privatization and post-privatization dynamic patterns of demand to infer the demand consequences of the major … change in airport governance. We examine recent Brazilian airport privatization experience as a case. The main results …

Winners of the Brazilian privatization auctions (BPAs) earned, on average, a 0.7 percent abnormal return on the days of … prevailing wisdom that auctions are the best method for governments seeking to maximize privatization revenues. Brazilian buyers …