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Airport Privatisation in Australia: A Tale of Three Cities

Author

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  • Chris Aulich

Abstract

This article addresses the performance of three Australian airports since they were privatised by divestment. They represent cases of divestment in a monopoly environment, with ownership arrangements for each airport varying markedly. The performances of the divested airports are considered using both financial and non-financial data. There are significant implications for future divestment policies, including the value of divestment as a policy response of governments in less competitive environments, the use of particular infrastructure investment models, and the nature of the linkage between ownership structure and financial performance.

Suggested Citation

  • Chris Aulich, 2015. "Airport Privatisation in Australia: A Tale of Three Cities," Applied Finance and Accounting, Redfame publishing, vol. 1(1), pages 1-11, February.
    • Handle: RePEc:rfa:afajnl:v:1:y:2015:i:1:p:1-11
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    File URL: http://redfame.com/journal/index.php/afa/article/view/614/597
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    File URL: http://redfame.com/journal/index.php/afa/article/view/614
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    Citations

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    Cited by:

    1. Chris AULICH & Stephen JONES & Brian HEAD, 2018. "Divestment Of Commonwealth Public Enterprises In Australia: The Cupboard Is Bare," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 89(3), pages 475-490, September.

    More about this item

    Keywords

    privatisation; divestment; airport performance; public ownership;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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