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Light handed regulation–Can it play a role in the developing world?

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  • Arblaster, Margaret
  • Hooper, Paul

Abstract

The private sector has become essential for the development of airport infrastructure worldwide, but ICAO maintains that all governments ultimately are responsible for protecting users from the abuse of market power and therefore they need to establish appropriate regulatory arrangements. Nevertheless, economic regulation is difficult, it involves risk of failure, it can be costly, and careful analysis might well suggest that presumptions of significant market power are not supported by the facts. Developing countries, in particular, face challenges in providing necessary financial and (qualified) human resources for their regulatory authorities, but such regulation also has to function in a sub-optimal framework.

Suggested Citation

  • Arblaster, Margaret & Hooper, Paul, 2015. "Light handed regulation–Can it play a role in the developing world?," Transport Policy, Elsevier, vol. 43(C), pages 32-41.
    • Handle: RePEc:eee:trapol:v:43:y:2015:i:c:p:32-41
    DOI: 10.1016/j.tranpol.2015.05.014
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    References listed on IDEAS

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    1. David Sappington & Dennis Weisman, 2012. "Regulating regulators in transitionally competitive markets," Journal of Regulatory Economics, Springer, vol. 41(1), pages 19-40, February.
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    Cited by:

    1. Lohmann, Gui & Trischler, Jakob, 2017. "Licence to build, licence to charge? Market power, pricing and the financing of airport infrastructure development in Australia," Transport Policy, Elsevier, vol. 59(C), pages 28-37.
    2. 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.
    3. Kistler, Beat & Trischler, Jakob & Lohmann, Gui, 2018. "Passenger representation within the light-handed regulation – Insights from the Australian air transport market," Transport Policy, Elsevier, vol. 71(C), pages 106-115.
    4. Valdes, Victor & Corzo, Oscar & Canfield, Carlos, 2024. "Airport incentive regulation in practice," Journal of Air Transport Management, Elsevier, vol. 117(C).

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