Publications

Competitive Interaction between Airports, Airlines and High-Speed Rail

In series:ITF Round Tablesview more titles

Published on November 04, 2009

Also available in: French

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How should airports be regulated to contain market power? This round table proceedings first examines whether they need to be regulated at all. It concludes that because regulation is inevitably imperfect and costly, policy makers should establish conditions for competition to emerge between airports in preference to comprehensive regulation, whenever possible.

Economic regulation is sometimes necessary, such as when airports are heavily congested. The proceedings determines which approaches are likely to work best and also assesses strategies for managing greenhouse gas emissions.  It finds that although including aviation in an open emission trading scheme could help mitigate emissions efficiently across the economy, it should not be expected to produce major cuts in CO2-emissions in aviation itself.

Finally the proceedings identifies the economic conditions under which high-speed rail can provide a competitive substitute for aviation, revealing the limited relevance of rail to reducing greenhouse gas emissions from this part of the transport market.

TABLE OF CONTENTS

Summary of discussions
Impacts of Airports on Airline Competition
The airport industry in a competitive environment: A United Kingdom Perspective
The Impact of Climate Change Policy on Competition in the Air Transport Industry
The Role of Accessibility in Passengers' Choice of Airports
The Economic Effects of High-Speed Rail Investment
List of participants
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