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Market Power : Airports - Vertical Integration between Airports and Airlines

Serebrisky, Tom??s - 2012

infrastructure licensing and the "natural monopoly" characteristics of some airport services, governments developed regulatory … policies for airport systems. The operation of an airport creates incentives to transfer the airport's market power to the air … transport market. If the airport market is regulated but the airport operator is allowed to control at least one airline, those …

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