Economic Regulation - IATA
Economic Regulation - IATA
Economic Regulation - IATA
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04 The Scope of<br />
Independent<br />
<strong>Economic</strong><br />
<strong>Regulation</strong><br />
Once the case for independent economic<br />
regulation is established, an appropriate<br />
framework for regulation should be put in<br />
place. <strong>Regulation</strong> is most effective within<br />
a specific national aviation regulatory<br />
body, with reviews undertaken on an<br />
individual airport or ANSP basis.<br />
The time-specific nature of regulation<br />
raises potential problems associated with<br />
regulatory consistency and regulator<br />
capture. As such, a degree of regulatory<br />
benchmarking at a “supra-national” level is<br />
welcome, in order to share best practices.