Economic Regulation - IATA
Economic Regulation - IATA
Economic Regulation - IATA
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03 The Case for<br />
Independent<br />
<strong>Economic</strong><br />
<strong>Regulation</strong><br />
Airports and ANSPs do have natural<br />
monopoly characteristics and, in several<br />
cases, the potential to exploit this to the<br />
detriment of airline users and wider<br />
economic efficiency.<br />
Independent economic regulation is<br />
required where these market failures<br />
exist, but only where the cost of having<br />
no regulation is both material and not<br />
constrained by any current or future<br />
competitive forces.