Financing the Airport of the Future the Small Aircraft机场未来的小飞机融资.pptVIP

Aviation Policy and Research Center Airport Privatization and Deregulation Theory and Some Empirical Evidence 14th December, 2004 Airport Privatization and Deregulation: Theory and Some Empirical Evidence Anming Zhang Sauder School of Business ? Background Airports traditionally owned by governments: national or local governments Rationale: Natural monopoly Private airports pursue profit maximization Government ownership pursues social welfare maximization … is also an alternative to regulation In addition, it creates right incentive for airport’s capacity investment Government returns pu