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Light-Handed Regulation of Airports: The Way to Go?

In: Economic Regulation of Urban and Regional Airports

Author

Listed:
  • Peter Forsyth

    (Monash University)

Abstract

Traditional regulation of firms with market power, be it cost-plus regulation or incentive regulation, is recognised as having several drawbacks. As a result, some countries have replaced this regulation with light-handed regulation (LHR). This chapter seeks to evaluate LHR in the context of airports. LHR is not a well-defined concept, but the elements which make up LHR can be identified. The potential positive features of LHR can be sketched out, and as can be the way it works. This leads on to a discussion of actual performance under LHR, and especially the Australian experience. There is evidence that LHR works well in several respects, though its performance in some other respects, particularly in terms of its impact on productive efficiency, has not been much tested in a rigorous way. The chapter includes a discussion of how LHR might work if applied to other airports. It concludes with a review of the key findings and questions which remain to be settled.

Suggested Citation

  • Peter Forsyth, 2023. "Light-Handed Regulation of Airports: The Way to Go?," Advances in Spatial Science, in: Peter Forsyth & Jürgen Müller & Hans-Martin Niemeier & Eric Pels (ed.), Economic Regulation of Urban and Regional Airports, chapter 0, pages 171-192, Springer.
    • Handle: RePEc:spr:adspcp:978-3-031-20341-1_7
    DOI: 10.1007/978-3-031-20341-1_7
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