The Paper challenges the common supposition that (scarcity) rents at Heathrow airport accrue from airlines charging efficient clearing prices and instead suggests that because of oligopolistic practices, much of the rent at Heathrow is quasi-monopoly rent. It also suggests remedies that could be...

New report argues that ‘economy class’ carriages would cost around 20% less than the standard class fareSummary:• The public sector should learn from the continual experimentation of the private sector and address the quality issue by exploring the different preferences that travellers...

The paper is based on a lecture in the Beesley Series delivered at the Institute of Directors in London, in October 2012. Initially, it points out that transport infrastructure in the UK prior to the 20th century was planned and developed largely by private interests. Today private sector...

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...

The objective of this paper is relatively straightforward, suggesting "what international air passenger travel will look like in five, ten or fifteen years and why?" This requires answering two questions; what will be the principal determinants of the growth in international air travel and what...

The objective of this paper is relatively straightforward, suggesting 'what international air passenger travel will look like in five, ten or fifteen years and why?' This requires answering two questions; what will be the principal determinants of the growth in international air travel and what...