Airport partial and full privatization in a multi-airport region: Focus on pricing and capacity
•We study airport capacity and pricing in a two-airport region with privatization.•After privatization, the privatized airport tends to deviate service price upwards.•After privatization, the remaining public airport tends to decrease service price.•Under simultaneous decisions, airports have the sa...
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| Veröffentlicht in: | Transportation research. Part E, Logistics and transportation review Logistics and transportation review, 2015-05, Vol.77, p.45-60 |
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| container_title | Transportation research. Part E, Logistics and transportation review |
| container_volume | 77 |
| creator | Noruzoliaee, Mohamadhossein Zou, Bo Zhang, Anming |
| description | •We study airport capacity and pricing in a two-airport region with privatization.•After privatization, the privatized airport tends to deviate service price upwards.•After privatization, the remaining public airport tends to decrease service price.•Under simultaneous decisions, airports have the same capacity investment rule.•Airports set capacity differently with sequential decisions.
This paper studies the capacity and pricing choice of two congestible airports in a multi-airport metropolitan region, under transition from a pure public, centralized airport system to partial or full privatization. We develop analytical models to investigate three privatization scenarios: public–private duopoly, private–private duopoly, and private monopoly. We find that, airports follow the same capacity investment rule as prior to privatization when capacity and pricing decisions are made simultaneously. Pricing rule after privatization becomes more complicated, with additional factors having an upward effect on the privatized airport(s) and a downward effect on the remaining public airport. |
| doi_str_mv | 10.1016/j.tre.2015.02.012 |
| format | Article |
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This paper studies the capacity and pricing choice of two congestible airports in a multi-airport metropolitan region, under transition from a pure public, centralized airport system to partial or full privatization. We develop analytical models to investigate three privatization scenarios: public–private duopoly, private–private duopoly, and private monopoly. We find that, airports follow the same capacity investment rule as prior to privatization when capacity and pricing decisions are made simultaneously. Pricing rule after privatization becomes more complicated, with additional factors having an upward effect on the privatized airport(s) and a downward effect on the remaining public airport.</description><identifier>ISSN: 1366-5545</identifier><identifier>EISSN: 1878-5794</identifier><identifier>DOI: 10.1016/j.tre.2015.02.012</identifier><identifier>CODEN: TRERFW</identifier><language>eng</language><publisher>Exeter: Elsevier India Pvt Ltd</publisher><subject>Airport privatization ; Airports ; Capacity ; Capacity expansion ; Investment ; Logistics ; Mathematical analysis ; Metropolitan areas ; Monopolies ; Multi-airport systems ; Pricing ; Pricing policies ; Privatization ; Public–private duopoly ; Studies ; Transportation</subject><ispartof>Transportation research. Part E, Logistics and transportation review, 2015-05, Vol.77, p.45-60</ispartof><rights>2015 Elsevier Ltd</rights><rights>Copyright Elsevier Sequoia S.A. May 2015</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c488t-e4489201f29f2b5bc87d5fec23356382410c6ea9d50dabcdc3a7ad3f5828cd843</citedby><cites>FETCH-LOGICAL-c488t-e4489201f29f2b5bc87d5fec23356382410c6ea9d50dabcdc3a7ad3f5828cd843</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktohtml>$$Uhttps://www.sciencedirect.com/science/article/pii/S1366554515000459$$EHTML$$P50$$Gelsevier$$H</linktohtml><link.rule.ids>314,776,780,3536,27903,27904,65309</link.rule.ids></links><search><creatorcontrib>Noruzoliaee, Mohamadhossein</creatorcontrib><creatorcontrib>Zou, Bo</creatorcontrib><creatorcontrib>Zhang, Anming</creatorcontrib><title>Airport partial and full privatization in a multi-airport region: Focus on pricing and capacity</title><title>Transportation research. Part E, Logistics and transportation review</title><description>•We study airport capacity and pricing in a two-airport region with privatization.•After privatization, the privatized airport tends to deviate service price upwards.•After privatization, the remaining public airport tends to decrease service price.•Under simultaneous decisions, airports have the same capacity investment rule.•Airports set capacity differently with sequential decisions.
This paper studies the capacity and pricing choice of two congestible airports in a multi-airport metropolitan region, under transition from a pure public, centralized airport system to partial or full privatization. We develop analytical models to investigate three privatization scenarios: public–private duopoly, private–private duopoly, and private monopoly. We find that, airports follow the same capacity investment rule as prior to privatization when capacity and pricing decisions are made simultaneously. Pricing rule after privatization becomes more complicated, with additional factors having an upward effect on the privatized airport(s) and a downward effect on the remaining public airport.</description><subject>Airport privatization</subject><subject>Airports</subject><subject>Capacity</subject><subject>Capacity expansion</subject><subject>Investment</subject><subject>Logistics</subject><subject>Mathematical analysis</subject><subject>Metropolitan areas</subject><subject>Monopolies</subject><subject>Multi-airport systems</subject><subject>Pricing</subject><subject>Pricing policies</subject><subject>Privatization</subject><subject>Public–private duopoly</subject><subject>Studies</subject><subject>Transportation</subject><issn>1366-5545</issn><issn>1878-5794</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2015</creationdate><recordtype>article</recordtype><recordid>eNp9kE1LAzEQhoMoWKs_wFvAi5dd87HZZPVUilWh4EXPIU2yJWW7WZNsof56U9uTBw9DBvI8w8wLwC1GJUa4ftiUKdiSIMxKREqEyRmYYMFFwXhTneee1nXBWMUuwVWMG4SyxMgEyJkLgw8JDiokpzqoegPbsevgENxOJfedy_fQ9VDB7dglV6iTEew6_zzChddjhJnJhnb9-neEVoPSLu2vwUWrumhvTu8UfC6eP-avxfL95W0-Wxa6EiIVtqpEk7dvSdOSFVtpwQ1rrSaUspoKUmGka6saw5BRK200VVwZ2jJBhDaiolNwf5w7BP812pjk1kVtu0711o9RYs4RZRVtSEbv_qAbP4Y-bydxzWtMuCAHCh8pHXyMwbYyn7dVYS8xkofI5UbmyOUhcomIzJFn5-no2Hzpztkgo3a219a4YHWSxrt_7B8D7Im0</recordid><startdate>20150501</startdate><enddate>20150501</enddate><creator>Noruzoliaee, Mohamadhossein</creator><creator>Zou, Bo</creator><creator>Zhang, Anming</creator><general>Elsevier India Pvt Ltd</general><general>Elsevier Sequoia S.A</general><scope>AAYXX</scope><scope>CITATION</scope><scope>8FD</scope><scope>FR3</scope><scope>KR7</scope></search><sort><creationdate>20150501</creationdate><title>Airport partial and full privatization in a multi-airport region: Focus on pricing and capacity</title><author>Noruzoliaee, Mohamadhossein ; Zou, Bo ; Zhang, Anming</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c488t-e4489201f29f2b5bc87d5fec23356382410c6ea9d50dabcdc3a7ad3f5828cd843</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2015</creationdate><topic>Airport privatization</topic><topic>Airports</topic><topic>Capacity</topic><topic>Capacity expansion</topic><topic>Investment</topic><topic>Logistics</topic><topic>Mathematical analysis</topic><topic>Metropolitan areas</topic><topic>Monopolies</topic><topic>Multi-airport systems</topic><topic>Pricing</topic><topic>Pricing policies</topic><topic>Privatization</topic><topic>Public–private duopoly</topic><topic>Studies</topic><topic>Transportation</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Noruzoliaee, Mohamadhossein</creatorcontrib><creatorcontrib>Zou, Bo</creatorcontrib><creatorcontrib>Zhang, Anming</creatorcontrib><collection>CrossRef</collection><collection>Technology Research Database</collection><collection>Engineering Research Database</collection><collection>Civil Engineering Abstracts</collection><jtitle>Transportation research. Part E, Logistics and transportation review</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Noruzoliaee, Mohamadhossein</au><au>Zou, Bo</au><au>Zhang, Anming</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Airport partial and full privatization in a multi-airport region: Focus on pricing and capacity</atitle><jtitle>Transportation research. Part E, Logistics and transportation review</jtitle><date>2015-05-01</date><risdate>2015</risdate><volume>77</volume><spage>45</spage><epage>60</epage><pages>45-60</pages><issn>1366-5545</issn><eissn>1878-5794</eissn><coden>TRERFW</coden><abstract>•We study airport capacity and pricing in a two-airport region with privatization.•After privatization, the privatized airport tends to deviate service price upwards.•After privatization, the remaining public airport tends to decrease service price.•Under simultaneous decisions, airports have the same capacity investment rule.•Airports set capacity differently with sequential decisions.
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| identifier | ISSN: 1366-5545 |
| ispartof | Transportation research. Part E, Logistics and transportation review, 2015-05, Vol.77, p.45-60 |
| issn | 1366-5545 1878-5794 |
| language | eng |
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| source | Elsevier ScienceDirect Journals |
| subjects | Airport privatization Airports Capacity Capacity expansion Investment Logistics Mathematical analysis Metropolitan areas Monopolies Multi-airport systems Pricing Pricing policies Privatization Public–private duopoly Studies Transportation |
| title | Airport partial and full privatization in a multi-airport region: Focus on pricing and capacity |
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