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Title: A new era for airport regulators through capacity investments
Authors: Martín Hernández, Juan Carlos 
Socorro Quevedo, María del Pilar 
UNESCO Clasification: 531212 Transportes y comunicaciones
Keywords: Transportes aereos
Issue Date: 2009
Publisher: 0965-8564
Journal: Transportation Research Part A: Policy and Practice 
Abstract: Private and public airports' optimal actions may not coincide. While private airports usually pursue profit maximization, publicly owned airports look for maximum social welfare. Thus, the prices charged by private airports may differ from the socially optimal charges and public intervention may be needed. In this paper, we analyze airport charges when an increase in frequency produces positive or negative externalities and carriers have market power. We use the methodology of game theory to show that there may exist a level of capacity for which private and social objectives coincide, so no price regulation is needed. Thus, the usual role of regulators and planners could be modified in order to decide the appropriate capacity investments for which airport regulation is no longer necessary.
ISSN: 0965-8564
DOI: 10.1016/j.tra.2009.04.001
Source: Transportation Research Part A: Policy and Practice[ISSN 0965-8564],v. 43, p. 618-625
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