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Competition, vertical relationship and countervailing power in the UK airport industry

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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.
2018-01-17
SPRINGER
JRC103521
0922-680X,   
https://publications.jrc.ec.europa.eu/repository/handle/JRC103521,   
10.1007/s11149-017-9332-z,   
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