The paper introduces a new dynamic frontier model that is used to analyze the impact of both ownership and regulation on airport technical and allocative efficiencies. We differentiate between the short and long-term effects. Based on a large sample of international airports, we find in the...

In this paper, we apply insights from the economics of franchise contracts to the governance of airports and the evolution of airport policy in Canada. Some aspects of the devolution of airports in Canada could be consistent with a ‘public franchise’ approach to airport policy. An...

In this paper, the sources of competitive advantage of low-cost carriers such as Southwest, Ryanair and easyJet are identified. Many have looked to these carriers’ operational efficiency as their source of advantage, but the choice of business model with point-to-point service provides...

This paper examines the full costs, defined as the sum of private and social costs, of a high-speed rail system proposed for a corridor connecting Los Angeles and San Francisco in California. The full costs include infrastructure, fleet capital and operating expenses, the time users spend on the...

This paper examines the evolution of airline business models and network structure decisions in the passenger aviation industry. The paper reviews the growth of hub-and-spoke networks as the dominant business model following deregulation in the latter part of the 20th century, followed by the...

The paper examines the strategic vertical relationship between network and regional airlines. We develop a model to illustrate how network airlines can use the contractual relationship with regional airlines as an efficient tool to simultaneously drive out inefficient network airlines and also...

The explosive growth of the Asian economies and in particular, those of India and China, are transforming the global economy, world energy demands and world trade flows, transportation networks and infrastructure of ships, ports, railways, roads, planes, airports and all of their related...

The last few decades have witnessed substantial liberalization trends in various industries and countries. Starting with the deregulation of the US airline industry in 1978, regulatory restructuring took place in further network industries such as telecommunications, electricity or railways in...