“Beyond pure public and pure private management models: Mixed firms in the European Airport Industry”
Abstractincreasing trend in airports. The literature has not paid enough attention to the mixed management models in this industry, although many European airports take the form of mixed firms or Institutional PPP, where ownership is shared between public and private sectors. We examine the determinants of the degree of private participation in the European airport sector. Drawing on a sample of the 100 largest European airports we estimate a multivariate equation in order to determine the role of airport characteristics, fiscal variables and political factors on the extent of private involvement. Our results confirm the alignment between public and private interests in PPPs. Fiscal constraints and market attractiveness promote private participation. Integrated governance models and the share of network carriers prevent the presence of private ownership, while the degree of private participation appears to be pragmatic rather than ideological.
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Bibliographic InfoPaper provided by University of Barcelona, Research Institute of Applied Economics in its series IREA Working Papers with number 201221.
Length: 29 pages
Date of creation: Dec 2012
Date of revision: Dec 2012
Partial Privatization; Mixed Firms; Airports. JEL classification: H4; H54; H7; L88; L9;
Find related papers by JEL classification:
- Air - General Economics and Teaching - - - - -
- JEL - Labor and Demographic Economics - - - - -
- cla - - - - - -
- H4 - Public Economics - - Publicly Provided Goods
- H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
- H7 - Public Economics - - State and Local Government; Intergovernmental Relations
- L88 - Industrial Organization - - Industry Studies: Services - - - Government Policy
- L9 - Industrial Organization - - Industry Studies: Transportation and Utilities
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-01-07 (All new papers)
- NEP-EUR-2013-01-07 (Microeconomic European Issues)
- NEP-PUB-2013-01-07 (Public Finance)
- NEP-TRE-2013-01-07 (Transport Economics)
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