Abstract
This paper provides a short introduction to the papers in the special section below on economic regulation in infrastructure industries. The papers are from the CCRP Research Workshop held at City University, London in January 2012. The topics covered include (i) supply-side competition for airports (Bilotkatch and Mueller); (ii) resource cost pricing in the water supply industry and how best to establish the value of water (Stern and Mirrlees-Black); and (iii) the role and regulation of hydro pumped storage for electricity in an environment where the role of intermittent renewable generation is growing (Rangoni).
Highlights
Copyright: City Research Online aims to make research outputs of City, University of London available to a wider audience
The papers at the January 2012 CCRP Research Workshop covered a range of areas in both competition policy and the regulation of infrastructure industries
This special section includes three papers on recent regulatory-related discussions in three industries: (i) aviation – on airport regulation and how it is affected by supply-side substitutability; (ii) water supply – on how to establish a value of water in circumstances of current and/or prospective water resource shortages; and (iii) electricity – on investment appraisal methods and potential regulatory requirements for hydro-pumped storage facilities given the growth in intermittent renewable generation
Summary
The issue of the economic regulation of airports has attracted the interest of policy makers and academics alike in recent years. In the UK, the Civil Aviation Authority (CAA) argues that there is a good case for seeking to enhance the role for airport/airline engagement in shaping and informing the outcome of the airports’ review by using the output of Constructive Engagement in 2012. The latter will be one of the key inputs to the CAA's determination of regulation at Heathrow airport after 2013 in the setting of aeronautical charges including landing charges. The role of passengers is included in their market definition analysis They address this issue by differentiating between two different types of passengers: (a) origin-and-destination passengers and (b) transfer passengers. Bilotkach and Mueller conclude that large airlines which are the most important customers of Schiphol airport have only limited options in terms of available supply side competition
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
