The design of light-handed regulation of airports: Lessons from experience in Australia and New Zealand

Margaret Arblaster

Journal of Air Transport Management, 2014, vol. 38, issue C, 27-35

Abstract: The difficulties experienced with traditional forms of economic regulation of airports involving direct control of prices have led to an interest in light-handed regulatory frameworks. Experience with light-handed regulation of airports is primarily confined to Australia and New Zealand. The paper examines the design features of light-handed regulation in Australia and New Zealand in relation to the stated objectives associated with the introduction of light-handed regulation. The paper identifies important aspects associated with the design of light-handed regulation including the incorporation of a credible threat of stronger regulation and the characteristics of this, and an apparent trade-off in objectives achieved with different approaches to light-handed regulation.

Keywords: Airport regulation; Light-handed regulation; Australia; New Zealand (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jaitra:v:38:y:2014:i:c:p:27-35

DOI: 10.1016/j.jairtraman.2013.12.015

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