Practical Difficulties in Airport Benchmarking: The Case of Dublin Airport

Cathal Guiomard

Chapter Chapter 12 in Economic Regulation of Urban and Regional Airports, 2023, pp 299-326 from Springer

Abstract: Abstract This chapter provides an overview of some of the practical issues facing a regulatory office seeking to use benchmarking to set a price cap at an airport. The focus is on operating costs, rather than commercial revenues under a single till, or capital costs. Top-down as well as bottom-up approaches are considered. To focus on the practical, the chapter describes and seeks to draw lessons from the specific experience of Dublin airport price-cap regulation which it suggests offers quite general lessons on benchmarking. Moreover, many different approaches to benchmarking have been investigated for Dublin over the years. For reasons of space, the chapter concentrates on the particular difficulties of introducing benchmarking for the first time before turning to a later set of investigations. It is concluded that benchmarking is possible, though not straightforward, provided that data can be assembled, that parties engage on the evidence, and that the economists working on the project have learned the lessons of regulatory gaming implied by the incentives facing parties to a price-cap review.

Keywords: Airport; Airport charges; Airlines; Airport costs; Benchmarking; Regulatory capture; Consultation; Core opex; Dublin airport; Efficiency; Bottom-up; Top-down; Operating expenditure (opex); Outsourcing; Price regulation; Single till; Work load unit (WLU) (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:adspcp:978-3-031-20341-1_12

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DOI: 10.1007/978-3-031-20341-1_12

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