Regulation, Privatization, and Airport Charges: Panel Data Evidence from European Airports

Joseph Clougherty, Anming Zhang, Volodymyr Bilotkach and Juergen Mueller

No 8618, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: This paper examines the determinants of airport aeronautical charges by employing a unique panel dataset covering sixty-one European airports over an eighteen-year period. We are able to extend the literature on the role of airports as an essential element in transport infrastructure by offering the first analysis of the impact of different regulatory policies and privatization on airport charges in a panel data setting where fixed effects can be employed to mitigate endogeneity concerns. Our main empirical results indicate that aeronautical charges are lower at airports when single-till regulation is employed, when airports are privatized, and -- tentatively -- when ex-post price regulation is applied. Furthermore, hub airports generally set higher aeronautical charges, and it appears that price-cap regulation and the presence of nearby airports do not affect aeronautical charges.

Keywords: Airports; Airport charges; Regulation; Privatization; Single-till; Hubs (search for similar items in EconPapers)
JEL-codes: L33 L93 R40 R48 (search for similar items in EconPapers)
Date: 2011-10
New Economics Papers: this item is included in nep-eff, nep-eur, nep-reg and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
https://cepr.org/publications/DP8618 (application/pdf)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org

Related works:
Journal Article: Regulation, privatization, and airport charges: panel data evidence from European airports (2012)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:8618

Ordering information: This working paper can be ordered from
https://cepr.org/publications/DP8618

Access Statistics for this paper

More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers Centre for Economic Policy Research, 33 Great Sutton Street, London EC1V 0DX.
Bibliographic data for series maintained by ().