انگیزه های سرمایه گذاری و مقررات فرودگاه
|کد مقاله||سال انتشار||مقاله انگلیسی||ترجمه فارسی||تعداد کلمات|
|49187||2006||4 صفحه PDF||سفارش دهید||2667 کلمه|
Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)
Journal : Utilities Policy, Volume 14, Issue 4, December 2006, Pages 262–265
Arguments for and against the proposition that price-capped privatised utilities have an incentive to under-invest are examined in the context of airport regulation. The general proposition finds support from generic arguments associated with the hold-up problem and with ex-post opportunism. Three counter arguments are then considered: that under-investment imposes additional internal costs on the firm; that the regulated firm can consume its monopoly rent by expanding its asset base; and that it can leverage its market power through seeking excessive investment. Consideration is then given to the empirical evidence focusing on price-capped airports in the UK and Ireland. It is concluded that, on balance, it is probable that the regulated airport companies have inclined towards over-investment.