Light handed regulation–Can it play a role in the developing world?

Margaret Arblaster and Paul Hooper

Transport Policy, 2015, vol. 43, issue C, 32-41

Abstract: The private sector has become essential for the development of airport infrastructure worldwide, but ICAO maintains that all governments ultimately are responsible for protecting users from the abuse of market power and therefore they need to establish appropriate regulatory arrangements. Nevertheless, economic regulation is difficult, it involves risk of failure, it can be costly, and careful analysis might well suggest that presumptions of significant market power are not supported by the facts. Developing countries, in particular, face challenges in providing necessary financial and (qualified) human resources for their regulatory authorities, but such regulation also has to function in a sub-optimal framework.

Keywords: Developing countries; Airport; Pricing; Light-handed regulation; Case study (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (4)

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DOI: 10.1016/j.tranpol.2015.05.014

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