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Seaports and airports

In: Benchmarking and Regulation in Transport

Author

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  • Eddy Van de Voorde
  • Chris Nash

Abstract

Ports and airports, important links in the transport system, are subject to significant competition. Many actors are involved in the process. As a result, that competition is influenced by a multitude of related and sometimes even conflicting interests. The question is whether all ports and airports do face strong competition. There may be a case in which one or more forms of market failure lead to allocative inefficiency. This chapter takes a closer look at whether ports and airports always operate in a competitive environment or not. In the latter case there might be a need for regulation. If so, should regulation be applied to all ports and / or airports? If we regulate, do we opt for structural regulation focusing on market structure, or conduct regulation seeking to influence the behavior of firms?

Suggested Citation

  • Eddy Van de Voorde & Chris Nash, 2021. "Seaports and airports," Chapters, in: Chris Nash & Ginevra Bruzzone (ed.), Benchmarking and Regulation in Transport, chapter 7, pages 117-135, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:20130_7
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