Price-cap regulation of airports: single-till versus dual-till

Achim I. Czerny

No 2004/13, Discussion Papers from Technische Universität Berlin, School of Economics and Management

Abstract: This paper takes up the debate whether price-cap regulation of airports should take the form of single-till or dual-till regulation. The contribution is to model single- and dual-till regulation, evaluate their welfare implications, and compare them to Ramsey prices. We show that the single-till dominates the dual-till regulation at non-congested airports with regard to welfare maximization. However, none of them provides an airport with the incentives to implement Ramsey prices. A perfect price-cap regulation, which achieves this goal, is also presented.

Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:tubsem:200413

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