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Pro-competition rules in airport privatization: International experience and the Brazilian case

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  • Pereira Neto, Caio Mário da Silva
  • Casagrande, Paulo Leonardo
  • Lancieri, Filippo Maria
  • Porto Moraes, Joaquim Nogueira

Abstract

This article aims to demonstrate the importance of establishing pro-competition rules in the concession of multiple airports to private companies by describing the recent Brazilian experience. More specifically, it addresses: (i) how the economic literature deals with potential competition among different airports, and how this competition was dealt with in the concession programs of Australia, Mexico and the United Kingdom; and (ii) Brazil's recent experience with airport concessions, where international benchmarking led to cross-ownership restrictions. As a conclusion, this paper defends that governments should design regulatory restrictions that account for the existence of competition among airports. Nevertheless, these restrictions must be carefully planned and designed to achieve their goals.

Suggested Citation

  • Pereira Neto, Caio Mário da Silva & Casagrande, Paulo Leonardo & Lancieri, Filippo Maria & Porto Moraes, Joaquim Nogueira, 2016. "Pro-competition rules in airport privatization: International experience and the Brazilian case," Journal of Air Transport Management, Elsevier, vol. 54(C), pages 9-16.
    • Handle: RePEc:eee:jaitra:v:54:y:2016:i:c:p:9-16
    DOI: 10.1016/j.jairtraman.2016.03.011
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    References listed on IDEAS

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    1. Bagnoli, Mark & Borenstein, Severin, 1991. "Carrot and Yardstick Regulation: Enhancing Market Performance with Output Prizes," Journal of Regulatory Economics, Springer, vol. 3(2), pages 115-136, June.
    2. Rico Galeana, Oscar Armando, 2008. "The privatisation of Mexican airports," Journal of Air Transport Management, Elsevier, vol. 14(6), pages 320-323.
    3. Andrei Shleifer, 1985. "A Theory of Yardstick Competition," RAND Journal of Economics, The RAND Corporation, vol. 16(3), pages 319-327, Autumn.
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    Cited by:

    1. Littlechild, Stephen, 2018. "Economic regulation of privatised airports: Some lessons from UK experience," Transportation Research Part A: Policy and Practice, Elsevier, vol. 114(PA), pages 100-114.
    2. Graham, Prof Anne, 2020. "Airport privatisation: A successful journey?," Journal of Air Transport Management, Elsevier, vol. 89(C).

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