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Congestion Pricing and Capacity of Large Hub Airports: A Bottleneck Model with Stochastic Queues

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Author Info
Daniel, Joseph I

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Abstract

This paper models and estimates congestion prices and capacity for large hub airports with stochastic queues, time-varying traffic rates, and endogenous intertemporal adjustment of traffic in response to queuing delay and fees. Relative costs of queuing and schedule delays are estimated using data from Minneapolis-St. Paul. Simulations calculate equilibrium traffic patterns, queuing delays, schedule delays, congestion fees, airport revenues, airport capacity, and efficiency gains. The paper also investigates whether a dominant airline internalizes delays its aircraft impose. It tests game-theoretic specifications with atomistic, Nash-dominant, Stackelberg-dominant, and collusive-airline traffic. Copyright 1995 by The Econometric Society.

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Publisher Info
Article provided by Econometric Society in its journal Econometrica.

Volume (Year): 63 (1995)
Issue (Month): 2 (March)
Pages: 327-70
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Handle: RePEc:ecm:emetrp:v:63:y:1995:i:2:p:327-70

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  1. Jan K. Brueckner, 2002. "Internalization of Airport Congestion: A Network Analysis," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    Other versions:
  2. Jan K. Brueckner, 2008. "Slot-Based Approaches to Airport Congestion Management," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
  3. Jan K. Brueckner, 2002. "Airport Congestion When Carriers Have Market Power," American Economic Review, American Economic Association, vol. 92(5), pages 1357-1375, December. [Downloadable!]
  4. Jan K. Brueckner & Erik T. Verhoef, 2009. "Manipulable Congestion Tolls," Tinbergen Institute Discussion Papers 09-009/3, Tinbergen Institute. [Downloadable!]
    Other versions:
  5. Joseph I. Daniel, 2009. "The Deterministic Bottleneck Model with Non-Atomistic Traffic," Working Papers 09-08, University of Delaware, Department of Economics. [Downloadable!]
  6. Erik T. Verhoef, 2008. "Congestion Pricing, Slot Sales and Slot Trading in Aviation," Tinbergen Institute Discussion Papers 08-030/3, Tinbergen Institute. [Downloadable!]
  7. James E. Prieger, . "Regulation, Innovation, and the introduction of new telecommunications services," Department of Economics 00-08, California Davis - Department of Economics. [Downloadable!]
    Other versions:
  8. Christopher Mayer & Todd Sinai, 2003. "Network Effects, Congestion Externalities, and Air Traffic Delays: Or Why Not All Delays Are Evil," American Economic Review, American Economic Association, vol. 93(4), pages 1194-1215, September. [Downloadable!]
  9. Wuping Xin & David Levinson, 2006. "Stochastic congestion and pricing model with endogenous departure time selection and heterogeneous travelers," Working Papers 000029, University of Minnesota: Nexus Research Group. [Downloadable!]
  10. Joseph I. Daniel, 2009. "The Untolled Problems with Airport Slot Constraints," Working Papers 09-09, University of Delaware, Department of Economics. [Downloadable!]
  11. Jan K. Brueckner & Anton Goebel & Esko Niskanen, 1997. "Airline Deregulation: The American Experience and Prospects for Europe," Discussion Papers 149, Government Institute for Economic Research Finland (VATT). [Downloadable!]
  12. Achim I. Czerny, 2007. "Congestion management under uncertainty in a two-airport system," Working Papers 2007-01, Center for Network Industries and Infrastructure (CNI). [Downloadable!]
  13. Joseph I. Daniel, 2009. "Pricing Canadian Airports," Working Papers 09-02, University of Delaware, Department of Economics. [Downloadable!]
  14. Claudio Agostini, 2005. "El Mercado de Transporte Aéreo: Lecciones para Chile de una Revisión de la Literatura," ILADES-Georgetown University Working Papers inv163, Ilades-Georgetown University, School of Economics and Bussines. [Downloadable!]
  15. Fosgerau, Mogens & Karlström, Anders, 2007. "The value of reliability," MPRA Paper 5733, University Library of Munich, Germany. [Downloadable!]
  16. Joseph I Daniel & Katherine Thomas Harback, 2008. "Pricing the major hub airports," Working Papers 08-13, University of Delaware, Department of Economics. [Downloadable!]
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