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Pro-competition rules in airport privatization: International experience and the Brazilian case

2016; Elsevier BV; Volume: 54; Linguagem: Inglês

10.1016/j.jairtraman.2016.03.011

1873-2089

Caio Mário da Silva Pereira Neto, Paulo Leonardo Casagrande, Filippo Lancieri, Joaquim Nogueira Porto Moraes,

Merger and Competition Analysis

This article aims to demonstrate the importance of establishing pro-competition rules in the concession of multiple airports to private companies by describing the recent Brazilian experience. More specifically, it addresses: (i) how the economic literature deals with potential competition among different airports, and how this competition was dealt with in the concession programs of Australia, Mexico and the United Kingdom; and (ii) Brazil's recent experience with airport concessions, where international benchmarking led to cross-ownership restrictions. As a conclusion, this paper defends that governments should design regulatory restrictions that account for the existence of competition among airports. Nevertheless, these restrictions must be carefully planned and designed to achieve their goals.