Abstract 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 airport industry. In addition, implications for competition and competition policy are drawn.

    Research highlights ► This paper employs industrial and transaction costs economics to identify the main drivers shaping the international cross-ownership structures in the airport industry. ► While there has been consolidation of airports through mergers less formal arrangements are uncommon despite the ease with which even international alliances can be formed. ► Mergers largely seem to be driven by considerations of efficiency, for example relating to transfer of know-how, rather than for narrow rent seeking purposes.


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    Titel :

    Airport alliances and mergers – Structural change in the airport industry?


    Beteiligte:

    Erschienen in:

    Erscheinungsdatum :

    2010-01-01


    Format / Umfang :

    8 pages




    Medientyp :

    Aufsatz (Zeitschrift)


    Format :

    Elektronische Ressource


    Sprache :

    Englisch