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Proposal For A Market-Based Solution to Airport Delays

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Author Info

  • W. Tom Whalen

    (Economic Analysis Group, Antitrust Division, Department of Justice)

  • Dennis W. Carlton

    (Economic Analysis Group, Antitrust Division, Department of Justice)

  • Ken Heyer

    (Economic Analysis Group, Antitrust Division, Department of Justice)

  • Oliver Richard

    (Economic Analysis Group, Antitrust Division, Department of Justice)

Abstract

With the clamor rising over airport delays and with both the Congress and the Administration considering remedies, this paper advocates the use of market mechanisms, specifically slot auctions, to promote efficient usage of airport capacity, reduce airport delays, and, more generally, promote competition.

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File URL: http://www.justice.gov/atr/public/eag/227380.pdf
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Bibliographic Info

Paper provided by Department of Justice, Antitrust Division in its series EAG Discussions Papers with number 200714.

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Length: 18 pages
Date of creation: Oct 2007
Date of revision:
Handle: RePEc:doj:eagpap:200714

Contact details of provider:
Postal: Department of Justice Antitrust Division 450 Fifth Street NW Washington, DC 20530
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Web page: http://www.justice.gov/atr/
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References

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  1. Visscher, Michael L, 1973. "Welfare-Maximizing Price and Output with Stochastic Demand: Comment," American Economic Review, American Economic Association, vol. 63(1), pages 224-29, March.
  2. Paul Klemperer, 2004. "Auctions: Theory and Practice," Economics Series Working Papers 2004-W09, University of Oxford, Department of Economics.
  3. Ken Binmore & Paul Klemperer, 2002. "The Biggest Auction Ever: the Sale of the British 3G Telecom Licences," Economic Journal, Royal Economic Society, vol. 112(478), pages C74-C96, March.
  4. Peter Cramton, 1998. "The Efficiency of the FCC Spectrum Auctions," Papers of Peter Cramton 98jlefcc, University of Maryland, Department of Economics - Peter Cramton, revised 27 Jul 1998.
  5. Porter, Robert H, 1995. "The Role of Information in U.S. Offshore Oil and Gas Lease Auctions," Econometrica, Econometric Society, vol. 63(1), pages 1-27, January.
  6. Philip A. Haile, 2001. "Auctions with Resale Markets: An Application to U.S. Forest Service Timber Sales," American Economic Review, American Economic Association, vol. 91(3), pages 399-427, June.
  7. Wilson, Robert B, 1989. "Efficient and Competitive Rationing," Econometrica, Econometric Society, vol. 57(1), pages 1-40, January.
  8. Carlton, Dennis W, 1977. "Peak Load Pricing with Stochastic Demand," American Economic Review, American Economic Association, vol. 67(5), pages 1006-10, December.
  9. Panzar, John C & Sibley, David S, 1978. "Public Utility Pricing under Risk: The Case of Self-Rationing," American Economic Review, American Economic Association, vol. 68(5), pages 888-95, December.
  10. Brown, Gardner, Jr & Johnson, M Bruce, 1969. "Public Utility Pricing and Output under Risk," American Economic Review, American Economic Association, vol. 59(1), pages 119-28, March.
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Cited by:
  1. Jan K. Brueckner, 2008. "Slot-Based Approaches to Airport Congestion Management," CESifo Working Paper Series 2302, CESifo Group Munich.
  2. Santos, Georgina & Robin, Maƫl, 2010. "Determinants of delays at European airports," Transportation Research Part B: Methodological, Elsevier, vol. 44(3), pages 392-403, March.
  3. Brueckner, Jan K., 2009. "Price vs. quantity-based approaches to airport congestion management," Journal of Public Economics, Elsevier, vol. 93(5-6), pages 681-690, June.
  4. Jeffrey P. Cohen & Cletus C. Coughlin & Lesli S. Ott, 2009. "Auctions as a vehicle to reduce airport delays and achieve value capture," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 569-588.

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