EconPapers    
Economics at your fingertips  
 

Access pricing regulation in the U.S. domestic aviation industry

Douglas Turner

Journal of Regulatory Economics, 2022, vol. 62, issue 1, No 2, 24-46

Abstract: Abstract I examine how regulatory preferences in setting a federal price cap on passenger facility charges (PFCs), the variable portion of an access price in the U.S. domestic aviation industry, have evolved over time. PFCs are a per-passenger charge paid by airlines to airports. Despite the fact that the PFC cap has declined in real terms since 2001, I find that regulators have given greater importance to airports since the turn of the century. There are a number of recent proposals to increase the price cap and, at a minimum, restore the cap to 2001 real levels. I find that a price cap decrease would instead be necessary to maintain the preferences of regulators in 2001.

Keywords: Access pricing; Airports; Regulation; Regulatory preference (search for similar items in EconPapers)
JEL-codes: D43 L13 L5 L93 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://link.springer.com/10.1007/s11149-022-09453-8 Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
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:kap:regeco:v:62:y:2022:i:1:d:10.1007_s11149-022-09453-8

Ordering information: This journal article can be ordered from
http://www.springer. ... on/journal/11149/PS2

DOI: 10.1007/s11149-022-09453-8

Access Statistics for this article

Journal of Regulatory Economics is currently edited by Menaham Spiegel

More articles in Journal of Regulatory Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2022-11-26
Handle: RePEc:kap:regeco:v:62:y:2022:i:1:d:10.1007_s11149-022-09453-8