|Client||Civil Aviation Authority (CAA)|
|Service(s)||Policy & Economics, Regulation & Competition|
As part of the review for the next price control (Q6), CEPA was commissioned by CAA to undertake a study into the scope for future efficiency gains at three London airports (Heathrow, Gatwick and Stansted). The project involved:
- A literature review of international regulatory precedent and relevant academic papers;
- Updating productivity analysis previously undertaken by CAA and the Competition Commission (CC);
- Identifying and calculating additional relevant indicators of efficiency, including TFP, LEMS, RUOE and output measures;
- Undertaking historic benchmarking against suitable comparators; and
- Producing estimates of the potential for catch up and frontier shift efficiencies for each of Heathrow, Gatwick and Stansted Airports.