Recent years have seen a global trend towards the emergence of multi-airport companies operating at a global scale. This paper employs industrial and transaction costs economics to identify the main drivers that shape the patterns of international cross-ownership structures that have emerged in...

The economic approach (as compared to the traditional exchange of rights approach) to evaluating international aviation liberalisation proposals is gradually becoming more commonly used. With it, the various benefits and costs of liberalisation are assessed in a cost benefit framework. This...

The demands on airport infrastructure around the world are both growing and changing. This paper explores what problems these changing demands imply for airports, and how they are coping with them. Growth in demand imposes a problem of allocation of scarce capacity in the short run—how...

Many would consider that the current reliance on air transport is environmentally unsustainable, especially given its impacts on climate change and its use of non-renewable resources. In addition, financial sustainability is often seen as inconsistent with environmental sustainability. The...

With recent developments in the airline industry, trade concepts (e.g. the nationality of the airline) are becoming increasingly difficult to define. However, definitions are needed primarily when trade is to be restricted, and the appropriate definition depends on the objectives of the aviation...

Many tourists now travel by air, and aviation liberalisation has greatly contributed to the boom in international tourism. The relevance of tourism economic benefits in aviation policy decisions is becoming established, though there has been little by of analysis of these, of how they can be...

The history of entry and exit by low-cost carriers in Australia is outlined; two phases of entry are identified, the early 1990s, and the year 2000. The factors influencing success or failure are examined in the light of experience in North America and Europe. The strategies adopted by the...

Airports have the potential because of their monopoly position to extract economic rent. This paper is concerned with variations in the rent obtained by airports and the factors that influence this. It extends the narrow focus on an airport's rent acquisition per se to see to what extent an...

Regulation of airports in Australia has been under stress: the problems which have emerged have resulted in the replacement of regulation by less prescriptive price monitoring. The development of policy towards airports, and the debates surrounding them, are analysed. Two major reports, on...