Title: Competition, vertical relationship and countervailing power in the UK airport industry
Citation: JOURNAL OF REGULATORY ECONOMICS vol. 52 no. 1 p. 37-62
Publisher: SPRINGER
Publication Year: 2017
JRC N°: JRC103521
ISSN: 0922-680X
URI: http://publications.jrc.ec.europa.eu/repository/handle/JRC103521
DOI: 10.1007/s11149-017-9332-z
Type: Articles in periodicals and books
Abstract: In this paper, we study whether competition in the airport market and the vertical interactions between upstream airports and downstream airlines influence the airport pricing decisions. Using a panel of the 24 largest UK airports, as well as a refined definition of airports’ market structure, we find that lower concentration in an airport’s catchment area and higher airlines countervailing power are associated to lower aeronautical charges.
JRC Directorate:Joint Research Centre Corporate Activities

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