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Translation to plain speak: the prices are guaranteed to go up and the entire industry will be infuriatingly under-regulated.
https://www.sciencedirect.com/science/article/abs/pii/S0191261511001391
In the presence of airport complementarity, when airlines compete in a Cournot type of competition, we find that both countries are best off, in terms of welfare, if airports are kept under government ownership (i.e., manage their airports as welfare maximizers)
Good luck with that. Went great for America.



