ITF Round Tables Competitive Interaction between Airports, Airlines and High-Speed Rail (International Transport Forum Round Tables)

Description

How should airports be regulated to contain market power? This round table proceedingsfirst 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. 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 ;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 Content :Summary of Discussions.Impacts of Airports on Airline Competition: Focus on Airport Performance and Airport-Airline Vertical Relations by Tae H. Oum (Canada) and Xiaowen Fu (Hong Kong)-Introduction-Airport Revenue Structure, Regulation and Pricing-Airport's Market Power-Airport Dominance and Airline Hub Premium, and Implications for Airline-Airport Co-operation-Airport-Airline Vertical Relationship-Summary and ConclusionThe Airport Industry in a Competitive Environment: A United Kingdom Perspective by David Starkie (United Kingdom)