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“Beyond pure public and pure private management models: Mixed firms in the European Airport Industry”

Author

Listed:
  • Daniel Albalate

    (Faculty of Economics, University of Barcelona)

  • Germà Bel

    (Faculty of Economics, University of Barcelona)

  • Xavier Fageda

    (Faculty of Economics, University of Barcelona)

Abstract

increasing trend in airports. The literature has not paid enough attention to the mixed management models in this industry, although many European airports take the form of mixed firms or Institutional PPP, where ownership is shared between public and private sectors. We examine the determinants of the degree of private participation in the European airport sector. Drawing on a sample of the 100 largest European airports we estimate a multivariate equation in order to determine the role of airport characteristics, fiscal variables and political factors on the extent of private involvement. Our results confirm the alignment between public and private interests in PPPs. Fiscal constraints and market attractiveness promote private participation. Integrated governance models and the share of network carriers prevent the presence of private ownership, while the degree of private participation appears to be pragmatic rather than ideological.

Suggested Citation

  • Daniel Albalate & Germà Bel & Xavier Fageda, 2012. "“Beyond pure public and pure private management models: Mixed firms in the European Airport Industry”," IREA Working Papers 201221, University of Barcelona, Research Institute of Applied Economics, revised Dec 2012.
    • Handle: RePEc:ira:wpaper:201221
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Partial Privatization; Mixed Firms; Airports. JEL classification: H4; H54; H7; L88; L9;
    All these keywords.

    JEL classification:

    • H4 - Public Economics - - Publicly Provided Goods
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • H7 - Public Economics - - State and Local Government; Intergovernmental Relations
    • L88 - Industrial Organization - - Industry Studies: Services - - - Government Policy
    • L9 - Industrial Organization - - Industry Studies: Transportation and Utilities

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