Future strategies for airports (original) (raw)

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FAST : Future Airport Strategies Cover Page

The airport business in a competitive environment

Airports have traditionally been considered as public utility providers, with little potential to develop significant market opportunities. Liberalisation of the air transport market around the globe has introduced new dynamics into the airport industry. The emergence of competition and the transition in ownership (towards privatisation or commercialisation) demand a different perspective in airport management. This paper aims at explaining the complexity of the airport business, in particular in what concerns the role of the airport as a firm that operates in a network of stakeholders, to produce a set of service packages targeted at several types of customers.

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The airport business in a competitive environment Cover Page

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Dynamic evolution of European airport systems in the context of Low-Cost Carriers growth Cover Page

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Rethinking Airport Improvement: Analysis of Domestic Airline Service to U.S. Metroplex Airports Cover Page

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Airport Competitiveness Analysis from Aircraft and Passenger Movement Cover Page

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Airports of the future: essentials for a renewed business model Cover Page

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Business models for airports in a competitive environment. One sky, different stories Cover Page

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Low-Cost Carriers and Airports: A Complex Relationship Cover Page

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The competitive landscape of air transport in Europe Cover Page

Defining the Role of Competition in the Airport Industry: A Critical Assessment

Journal of Reviews on Global Economics, 2017

Defining the relevant market is a preliminary step in every assessment of the degree of Significant Market Power (SMP). A firm with total market power can raise prices without losing any customers to competitors. SMP exists when prices exceed marginal cost and long run average cost, so the firm makes economic profits. The contribution of this paper is twofold. On the one hand, a critical assessment of the role of competition in an industry/sector is performed. To this end, we discuss the most recent quantitative and qualitative techniques in market delineation. On the other hand, we try to shed some light on the competitive constraints in the Cypriot airport industry where little prior knowledge is evident. Although the airport industry is a crucial economic sector and has oligopolistic, to some extent even monopolistic structure, there is no standard and universal approach established by the National Competition Authorities (NCAs) for exact categorization of market delineation. Τhis paper tries to perform a thorough market power assessment in order to analyse all the competitive constraints faced by an airport operator, regardless of whether they arise from within or outside the relevant market(s).

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Defining the Role of Competition in the Airport Industry: A Critical Assessment Cover Page