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Main Title: Vertical Governance between Airlines and Airports - A Transaction Cost Analysis
Author(s): Fuhr, Johannes
Beckers, Thorsten
Type: Article
Language Code: en
Abstract: With airport privatization and infrastructure expansion projects taking place in the liberalized European air transport market, airport and airline companies are critically reevaluating their vertical governance structures. This paper analyzes the comparative efficiency of vertical governance structures in the airport-airline supply relationship. Using transaction cost economics as the lens of analysis, we develop propositions and present supporting qualitative case studies. Our propositions state that hub airlines and hub airports seek specialized governance structures, while value-based carriers and base airports enter into long-term contracts supported by complementary safeguards. These privately crafted governance modes complement or even replace external regulation.
Issue Date: 2006
Date Available: 15-Oct-2018
DDC Class: 330 Wirtschaft
Subject(s): governance structure
Journal Title: Review of network economics
Publisher: De Gruyter
Publisher Place: Berlin
Volume: 5
Issue: 4
Publisher DOI: 10.2202/1446-9022.1104
Page Start: 386
Page End: 412
EISSN: 1446-9022
ISSN: 2194-5993
Notes: Dieser Beitrag ist mit Zustimmung des Rechteinhabers aufgrund einer (DFG geförderten) Allianz- bzw. Nationallizenz frei zugänglich.
This publication is with permission of the rights owner freely accessible due to an Alliance licence and a national licence (funded by the DFG, German Research Foundation) respectively.
Appears in Collections:FG Wirtschafts- und Infrastrukturpolitik (WIP) » Publications

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