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Martimort, David
, Pommey, Guillaume and Pouyet, Jérôme
(2022)
Optimal regulation design of airports: Investment incentives and impact of commercial services.
Transportation Research Part B: Methodological, vol.164.
pp. 25-44.
Abstract
Modern airports provide commercial services to passengers in addition to aeronautical services to airlines. We analyze the optimal regulation design of the airport when the airport also invests in the quality of its infrastructure. The optimal regulation can be implemented with a price-cap and a subsidy scheme targeted to the investment. We compare that optimal regulation with more constrained scenarios and discuss how commercial services change the need for regulation. We also investigate the consequences of the non-observability of the airport’s investment.
| Item Type: | Article |
|---|---|
| Language: | English |
| Date: | October 2022 |
| Refereed: | Yes |
| Place of Publication: | Oxford |
| JEL Classification: | L22 - Firm Organization and Market Structure - Markets vs. Hierarchies; Vertical Integration; Conglomerates; Subsidiaries L51 - Economics of Regulation L93 - Air Transportation |
| Subjects: | B- ECONOMIE ET FINANCE |
| Divisions: | TSE-R (Toulouse) |
| Site: | UT1 |
| Date Deposited: | 28 Mar 2023 11:02 |
| Last Modified: | 28 Mar 2023 11:02 |
| OAI Identifier: | oai:tse-fr.eu:128005 |
| URI: | https://publications.ut-capitole.fr/id/eprint/47319 |
