Bottasso, Anna; Conti, Maurizio - In: Journal of Transport Economics and Policy 46 (2012) 3, pp. 313-332
In this paper we analyse the cost structure of the UK airport industry by estimating a variable cost function for the period 1994-2005. Overall results suggest that average costs decrease until passenger traffic reaches 5 million, remain constant over the range between 5 million and 14 million...