Discussion of airport pricing policy has largely centered on the problem of congestion, but at most airports congestion is negligible. In the present paper we explore the implications of an alternative pricing philosophy where the common costs of runway construction are shared among the...

This article examines the experience in the United Kingdom with the regulation of privatized monopolies. Its conclusions are (1) that there are significant differences between RPI - X (or price-cap) and U.S. rate-of-return regulation, which provides greater scope for bargaining in the former...

In many countries there is widespread concern at the level of mobile termination charges. This is attributable to the bottleneck monopoly created by the Calling Party Pays (CPP) principle. It has led to increasingly severe price controls on termination charges. Regulatory experience in the three...