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The Untolled Problems with Airport Slot Constraints

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Author Info
Joseph I. Daniel () (Department of Economics,University of Delaware)

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Abstract

This paper examines the efficiency and practicality of airport slot constraints using a deterministic bottleneck model of landing and takeoff queues. It adapts this congestion pricing model to determine the optimal timing and quantity of slot permits for any number of slot windows. Aircraft choose their optimal operating times subject to the slot constraints, and airport queues adjust endogenously. The number and length of slot windows affects the congestion levels and efficiency gains. The atomistic bottleneck model is extended to include self-internalizing dominant traffic and atomistic fringe traffic. The model raises questions about the implementation of slot constraints that do not arise in standard congestion models. The theory explains Daniel's (2009a) empirical findings that slot-constraints at Toronto are ineffective and suggests that recent proposals for slot constraints at US airports would be similarly ineffective. Effective slot constraints require many narrow slot windows, making slot auctions or markets difficult to implement.

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File URL: http://www.lerner.udel.edu/sites/default/files/imce/economics/WorkingPapers/2009/UDWP2009-09.pdf
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Publisher Info
Paper provided by University of Delaware, Department of Economics in its series Working Papers with number 09-09.

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Length: 34 pages
Date of creation: 2009
Date of revision:
Handle: RePEc:dlw:wpaper:09-09.

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Postal: Purnell Hall, Newark, Delaware 19716
Fax: (302) 831-6968
Web page: http://www.lerner.udel.edu/departments/economics/
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Related research
Keywords: airport congestion; slot constraints; pricing; bottleneck; queuing.;

Find related papers by JEL classification:
R4 - Urban, Rural, and Regional Economics - - Transportation Systems
H2 - Public Economics - - Taxation, Subsidies, and Revenue
L5 - Industrial Organization - - Regulation and Industrial Policy
L9 - Industrial Organization - - Industry Studies: Transportation and Utilities

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Daniele Condorelli, 2007. "Efficient and Equitable Airport Slot Allocation," Rivista di Politica Economica, SIPI Spa, vol. 97(1), pages 81-104, January-F. [Downloadable!]
  2. Philippe Jehiel & Benny Moldovanu, 2003. "An economic perspective on auctions," Economic Policy, CEPR, CES, MSH, vol. 18(36), pages 269-308, 04. [Downloadable!] (restricted)
  3. Martin Dresner & Robert Windle & Yuliang Yao, 2002. "Airport Barriers to Entry in the US," Journal of Transport Economics and Policy, London School of Economics and University of Bath, vol. 36(3), pages 389-405, September. [Downloadable!] (restricted)
  4. Erik T. Verhoef, 2008. "Congestion Pricing, Slot Sales and Slot Trading in Aviation," Tinbergen Institute Discussion Papers 08-030/3, Tinbergen Institute. [Downloadable!]
  5. Vickrey, William S, 1969. "Congestion Theory and Transport Investment," American Economic Review, American Economic Association, vol. 59(2), pages 251-60, May. [Downloadable!] (restricted)
  6. Daniel, Joseph I. & Pahwa, Munish, 2000. "Comparison of Three Empirical Models of Airport Congestion Pricing," Journal of Urban Economics, Elsevier, vol. 47(1), pages 1-38, January. [Downloadable!] (restricted)
  7. Daniel, Joseph I, 1995. "Congestion Pricing and Capacity of Large Hub Airports: A Bottleneck Model with Stochastic Queues," Econometrica, Econometric Society, vol. 63(2), pages 327-70, March. [Downloadable!] (restricted)
  8. Borenstein, Severin, 1988. "On the Efficiency of Competitive Markets for Operating Licenses," The Quarterly Journal of Economics, MIT Press, vol. 103(2), pages 357-85, May. [Downloadable!] (restricted)
  9. Sven de Vries & Rakesh Vohra, 2000. "Combinatorial Auctions: A Survey," Discussion Papers 1296, Northwestern University, Center for Mathematical Studies in Economics and Management Science. [Downloadable!]
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This page was last updated on 2009-11-27.

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