By regulation. The question is, is hangar supply at a particular airport
more like a municipal utility (water, garbage collection) or more like a
free market commodity?

"Bob Noel" wrote in message
...
In article , "C J Campbell"
wrote:

If airports were managed properly, they would charge market rent for
hangars
and other space.

how is market rent set for a product/service whose supply is restricted?


They would be profitable

why is profitability assured?


, and more hangars and office
space
would be built,

I'd love to see you try to survive a meeting where you propose
this to the anti-airport NIMBY goons around KBED.

lowering prices over all until an equilibrium was
reached.

lower prices? really?

--
Bob Noel