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It is Time to Auction Slots at Congested Airports

Author

Listed:
  • Martin Bichler

    (Technical University Munich)

  • Peter Cramton

    (University of Cologne)

  • Peter Gritzmann

    (Technical University Munich)

  • Axel Ockenfels

    (University of Cologne)

Abstract

Airport time slots are currently awarded by historic use, with only small number reserved for new entrants. This hampers competition, promotes inefficient slot utilisation, and contributes to congestion. This column revisits the idea of carefully auctioning time slots at congested airports in order to foster competition by more flexibly allocating slots, as opposed to the current use-it-or-lose-it approach which favours the status quo.

Suggested Citation

  • Martin Bichler & Peter Cramton & Peter Gritzmann & Axel Ockenfels, 2021. "It is Time to Auction Slots at Congested Airports," ECONtribute Policy Brief Series 013, University of Bonn and University of Cologne, Germany.
  • Handle: RePEc:ajk:ajkpbs:013
    as

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    File URL: https://www.econtribute.de/RePEc/ajk/ajkpbs/ECONtribute_PB_013_2021.pdf
    File Function: First version, 2021
    Download Restriction: no
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