Economic Regulation - IATA
Economic Regulation - IATA
Economic Regulation - IATA
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09 Summary<br />
Independent economic regulation is an<br />
important tool in improving the efficiency<br />
of operations and investment within the<br />
aviation industry. It is required for all<br />
cases where competition is not sufficient<br />
to restrain the market power of an airport<br />
or ANSP. However, the costs of regulation<br />
must also be taken into account.<br />
<strong>Regulation</strong> should be focused on where its<br />
potential benefits outweigh any resource<br />
or behavioural costs arising from its<br />
implementation.<br />
This report has discussed the case for independent economic regulation for airports<br />
and for ANSPs. It also looks at the lessons available from the experience of different<br />
forms of regulation across several countries.<br />
This discussion is important in the current climate where aviation infrastructure<br />
providers are adopting an increased commercial focus or, in several cases, are being<br />
transferred into private sector ownership. It is also important in the context of policy<br />
discussions of the airport/airline relationship in some regions – for example, the<br />
proposed EU airport charges directive.