Preventing competition because of 'solidarity': rhetoric and reality of airport investments in Spain

Germá Bel, Xavier Fageda
2009 Applied Economics  
Nutzungsbedingungen: Dieser Text wird unter dem "PEER Licence Agreement zur Verfügung" gestellt. Nähere Auskünfte zum PEER-Projekt finden Sie hier: http://www.peerproject.eu Gewährt wird ein nicht exklusives, nicht übertragbares, persönliches und beschränktes Recht auf Nutzung dieses Dokuments. Dieses Dokument ist ausschließlich für den persönlichen, nicht-kommerziellen Gebrauch bestimmt. Auf sämtlichen Kopien dieses Dokuments müssen alle Urheberrechtshinweise und sonstigen Hinweise auf
more » ... inweise auf gesetzlichen Schutz beibehalten werden. Sie dürfen dieses Dokument nicht in irgendeiner Weise abändern, noch dürfen Sie dieses Dokument für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, aufführen, vertreiben oder anderweitig nutzen. Mit der Verwendung dieses Dokuments erkennen Sie die Nutzungsbedingungen an. Abstract: From a public interest perspective, there could be a justification for constraining market mechanisms with the aim of progressive redistribution. However, some policies might be based on selfish motivations of government agents. In this paper, we empirically contrast if the infrastructure policy is based only on public interest motivations or if it is also based on the private motivations of policy makers. In this way, Spain infrastructure policy provides a useful policymaking field to test hypothesis about the behavior of policy makers. We find some evidence regarding the strength of political motivations in explaining such behavior. In fact, results from our analysis show that political motivations can eventually play a more relevant role than social welfare maximization. Abstract: From a public interest perspective, there could be a justification for constraining market mechanisms with the aim of progressive redistribution. However, some policies might be based on selfish motivations of government agents. In this paper, we empirically contrast if the infrastructure policy is based only on public interest motivations or if it is also based on the private motivations of policy makers. In this way, Spain infrastructure policy provides a useful policymaking field to test hypothesis about the behavior of policy makers. We find some evidence regarding the strength of political motivations in explaining such behavior. In fact, results from our analysis show that political motivations can eventually play a more relevant role than social welfare maximization. Abstract: From a public interest perspective, there could be a justification for constraining market mechanisms with the aim of progressive redistribution. However, some policies might be based on selfish motivations of government agents. In this paper, we empirically contrast if the infrastructure policy is based only on public interest motivations or if it is also based on the private motivations of policy makers. In this way, Spain infrastructure policy provides a useful policymaking field to test hypothesis about the behavior of policy makers. We find some evidence regarding the strength of political motivations in explaining such behavior. In fact, results from our analysis show that political motivations can eventually play a more relevant role than social welfare maximization.
doi:10.1080/00036840701522846 fatcat:pbeiomirevgyliec3eymvvluki