An independent, charitable organisation dedicated to the study of regulation and deregulation 

Announcements

airport-airplanes-gates-flight-line-163771.jpeg

Airport Enterprises: An Economic Analysis

The Institute is delighted to announce our first foray into book publishing with ‘Airport Enterprises: An Economic Analysis’ written by David Starkie.
‘Airport Enterprises: An Economic Analysis’ frames the airport firm as a business platform for a broad spectrum of commercial activities, some of which enjoy the characteristics of two-sided markets. This is in contrast to the usual application of welfare economics as an analytical lens for airports, a lens which is argued to be inappropriate for an industry with an international customer base. Also challenged is the consensus that airports are natural monopolies; cost functions are not necessarily sub-additive, additional capacity is added mostly in small increments, and new entry feasible as a result of product diversification or negotiating parties striking long term pricing contracts. Finally, a number of questions are raised about current public policy, the standard interpretation of economic rents at congested airports, and existing plans for adding capacity at London Heathrow airport.

Read More »

Upcoming Events

Recent Documents

Primitive painting done Italian immigrant
Insights into Regulation

Immigration and the Ultimatum Game

Alongside the Prisoners Dilemma, study of the Ultimatum Game (UG) and its variants is a rich source of experimental observations on human attitudes and conduct

Read More »
boat in body of water
Insights into Regulation

Securonomics: slogan and substance

Slogans can provide politicians with useful ways of signalling policy objectives. The “tough on crime, and tough on the causes of crime” slogan used by

Read More »
Insights into Regulation

Lao Tzu’s advice and UK Post Office governance

The Tao Te Ching is an ancient classic of Chinese Daoism whose authorship is conventionally attributed to a certain Lao Tzu. It contains advice on how to be a Sage, a person with sagacity. Significant sections are clearly directed at leaders in governance.

Read More »

Enquiries

If you are interested in finding out more about, sponsoring, or collaborating with us on any aspect of these research programmes, or if you would like to commission bespoke work from the RPI Research Group, please contact us at: