Article

Airport privatization: A simple welfare analysis

Journal of Economics and Finance 04/1997; 20(3):89-95. DOI:10.1007/BF02920610 pp.89-95

ABSTRACT The interest in privatization is not new to the world nor the study of economies, for that matter. The paper contains a critique
of both proponent and opponent groups of economists and policy makers who deal with the issue of airport privatization. These
groups primarily rely on anecdotal evidence to support their positions. At present, privatization can only be accepted or
rejected on the basis of theory, politics, or ideology. In this paper a mathematical model and decision rule based on welfare
analysis are developed that facilitate the process for transition of airports from a public enterprise to a private one.

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Keywords

airport privatization
 
airports
 
anecdotal evidence
 
decision rule
 
economists
 
mathematical model
 
policy makers
 
private
 
proponent
 
public enterprise