Seaports and airports

Eddy Van de Voorde and Chris Nash

Chapter 7 in Benchmarking and Regulation in Transport, 2021, pp 117-135 from Edward Elgar Publishing

Abstract: Ports and airports, important links in the transport system, are subject to significant competition. Many actors are involved in the process. As a result, that competition is influenced by a multitude of related and sometimes even conflicting interests. The question is whether all ports and airports do face strong competition. There may be a case in which one or more forms of market failure lead to allocative inefficiency. This chapter takes a closer look at whether ports and airports always operate in a competitive environment or not. In the latter case there might be a need for regulation. If so, should regulation be applied to all ports and / or airports? If we regulate, do we opt for structural regulation focusing on market structure, or conduct regulation seeking to influence the behavior of firms?

Keywords: Economics and Finance; Law - Academic; Urban and Regional Studies (search for similar items in EconPapers)
Date: 2021
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