Economic Regulation of Airports: A Private Law Approach

This book explores airport charges regulation, presenting a fresh perspective on a crucial yet marginalized subject. Providing a clear pathway for regulation of the economic aspects of airports, specifically charges, the book employs an adaptable approach grounded in private law principles. Challenging the conventional command-and-control model of traditional regulation that once governed airports, the book contends that an agile private law approach offers a more responsive and efficient means of overseeing airport charges in the face of increasing complexity within the industry. Within this overarching approach, two key instruments emerge. First, the book demonstrates the effectiveness of contracts as a powerful tool for integrating regulations on airport charges. Second, the cultivation of robust corporate governance is posited as a mechanism that naturally instigates effective regulation. Through illuminating the efficacy of a private law approach, the book demonstrates how this innovative approach not only works as a regulatory mechanism for airport charges but can also be applied within the broader spectrum of infrastructure regulation. The book will be of interest to researchers in the field of air law, contract law, corporate law, competition law, and aviation business and management, employing case studies to illustrate its points.