| Document Date: 2013-12-31 09:54:03
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City Malaga / London / Oxford / / Company LCCs / Easyjet / Airbus / BA / Stansted Airport Limited / Ryanair / / Continent Europe / / Country United Kingdom / / Currency GBP / / Event M&A / / Facility London-Stansted airport / Airport Competition / / IndustryTerm constant search / lumpy airline capacity / airport services / airline / airline reaction / non-aeronautical services / airline capacity / Airline reactions / withdrawn services / airline costs / airline industry / airline seat capacity / particular low cost carrier / marginal services / nonaeronautical services / competition law / route network / airline schedules / overall airline profits / / MarketIndex ROCE / / Organization Regulatory Policy Institute / / Person David Starkie / George Yarrow / Salvatore Nava / / / Position representative / analyst / / Product B737 / A320s / / URL www.rpieurope.org / http /
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LETTERS & NOTES ON REGULATION Why airports can face price-elastic demand: margins, lumpiness and leveraged passenger losses David Starkie and George Yarrow