Advanced Search
MyIDEAS: Login to save this paper or follow this series

Contracts, Financing Arrangements, and Public Ownership – An Empirical Analysis of the US Airport Governance Model

Contents:

Author Info

  • Johannes Fuhr

    ()
    (Workgroup for Infrastructure Policy (WIP), Technische Universität Berlin)

Abstract

In contrast to the privatization and regulatory reforms currently underway at European airports, airports in the US remain publicly owned. There, airports negotiate legally binding contracts with airlines and finance large investment projects with revenue bonds. Applying insights from transaction cost economics, we argue that the observed variation in contractual and financing arrangements at US airports corresponds to the parties’ needs for safeguarding and coordination. The case evidence presented reveals that public owners set the framework for private investments and contracting. Airline contracts and capital market control result in efficient investment and act as a check on the cost inefficiency typically linked to public ownership.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.wip.tu-berlin.de/typo3/fileadmin/documents/RePEc/cni/working_paper/fuhr_beckers_2007-contracts_financing_arrangements_and_public_ownership_cni_wp_no_2007-02.pdf
Our checks indicate that this address may not be valid because: 404 Not Found (http://www.wip.tu-berlin.de/typo3/fileadmin/documents/RePEc/cni/working_paper/fuhr_beckers_2007-contracts_financing_arrangements_and_public_ownership_cni_wp_no_2007-02.pdf [302 Found]--> http://www.redaktion.tu-berlin.de/typo3/fileadmin/documents/RePEc/cni/working_paper/fuhr_beckers_2007-contracts_financing_arrangements_and_public_ownership_cni_wp_no_2007-02.pdf). If this is indeed the case, please notify (Fabian Kirsch)
Download Restriction: no

Bibliographic Info

Paper provided by Center for Network Industries and Infrastructure (CNI) in its series Working Papers with number 2007-02.

as in new window
Length: 37 pages
Date of creation: 2007
Date of revision:
Handle: RePEc:cni:wpaper:2007-02

Contact details of provider:
Postal: Secretariat H 33, Strasse des 17. Juni 135, D-10623 Berlin
Phone: ++49 / (0)30 / 314 - 25 048
Fax: ++49 / (0)30 / 314 - 26 934
Email:
Web page: http://www.cni.tu-berlin.de
More information through EDIRC

Related research

Keywords: Transaction Cost Economics; Contract; Public Ownership; Air Transport;

Find related papers by JEL classification:

This paper has been announced in the following NEP Reports:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:cni:wpaper:2007-02. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Fabian Kirsch) The email address of this maintainer does not seem to be valid anymore. Please ask Fabian Kirsch to update the entry or send us the correct address.

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.