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“Beyond pure public and pure private management models: Mixed firms in the European Airport Industry”

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Author Info

  • Daniel Albalate

    ()
    (Faculty of Economics, University of Barcelona)

  • Germà Bel

    ()
    (Faculty of Economics, University of Barcelona)

  • Xavier Fageda

    ()
    (Faculty of Economics, University of Barcelona)

Abstract

increasing 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 Info

Paper provided by University of Barcelona, Research Institute of Applied Economics in its series IREA Working Papers with number 201221.

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Length: 29 pages
Date of creation: Dec 2012
Date of revision: Dec 2012
Handle: RePEc:ira:wpaper:201221

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Postal: Tinent Coronel Valenzuela, Num 1-11 08034 Barcelona
Web page: http://www.ub.edu/irea/
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Related research

Keywords: Partial Privatization; Mixed Firms; Airports. JEL classification: H4; H54; H7; L88; L9;

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  8. Freestone, Robert & Baker, Douglas, 2010. "Challenges in land use planning around Australian airports," Journal of Air Transport Management, Elsevier, vol. 16(5), pages 264-271.
  9. G. Bognetti & L. Robotti, 2003. "The Reform of Local Public Utilities in Italy," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 74(1), pages 117-137, 03.
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