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Market-Based Alternatives for Managing Congestion at New York’s LaGuardia Airport

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Abstract

We summarize the results of a project that was motivated by the expiration of the “High Density Rule,” which defined the slot controls employed at New York’s LaGuardia Airport for more than 30 years. The scope of the project included the analysis of several administrative measures, congestion pricing options and slot auctions. The research output includes a congestion pricing procedure and also the specification of a slot auction mechanism. The research results are based in part on two strategic simulations. These were multi-day events that included the participation of airport operators, most notably the Port Authority of New York and New Jersey, FAA and DOT executives, airline representatives and other members of the air transportation community. The first simulation placed participants in a stressful, high congestion future scenario and then allowed participants to react and problem solve under various administrative measures and congestion pricing options. The second simulation was a mock slot auction in which participants bid on LGA arrival and departure slots for fictitious airlines.

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File URL: http://www.cramton.umd.edu/papers2005-2009/ball-et-al-managing-congestion-at-laguardia.pdf
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Bibliographic Info

Paper provided by University of Maryland, Department of Economics - Peter Cramton in its series Papers of Peter Cramton with number 07mbac.

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Length: 31 pages
Date of creation: 2007
Date of revision: 2007
Publication status: Published in in Optimal Use of Scarce Airport Capacity, Proceedings of AirNeth Annual Conference, The Hague, April 2007
Handle: RePEc:pcc:pccumd:07mbac

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Postal: Economics Department, University of Maryland, College Park, MD 20742-7211
Phone: (202) 318-0520
Fax: (202) 318-0520
Web page: http://www.cramton.umd.edu

Related research

Keywords: Auctions; airport slot auctions; combinatorial auctions;

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References

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  1. Lawrence M. Ausubel & Peter Cramton & Paul Milgrom, 2004. "The Clock-Proxy Auction: A Practical Combinatorial Auction Design," Papers of Peter Cramton, University of Maryland, Department of Economics - Peter Cramton 04mit5, University of Maryland, Department of Economics - Peter Cramton, revised 2004.
  2. Ausubel Lawrence M & Milgrom Paul R, 2002. "Ascending Auctions with Package Bidding," The B.E. Journal of Theoretical Economics, De Gruyter, De Gruyter, vol. 1(1), pages 1-44, August.
  3. Lawrence M. Ausubel & Peter Cramton, 2004. "Auctioning Many Divisible Goods," Papers of Peter Cramton, University of Maryland, Department of Economics - Peter Cramton 04jeea, University of Maryland, Department of Economics - Peter Cramton, revised 2004.
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Cited by:
  1. Peter Cramton, 2009. "Innovation and Market Design," NBER Chapters, National Bureau of Economic Research, Inc, in: Innovation Policy and the Economy, Volume 9, pages 113-137 National Bureau of Economic Research, Inc.
  2. Madas, Michael A. & Zografos, Konstantinos G., 2010. "Airport slot allocation: a time for change?," Transport Policy, Elsevier, vol. 17(4), pages 274-285, August.
  3. Swaroop, Prem & Zou, Bo & Ball, Michael O. & Hansen, Mark, 2012. "Do more US airports need slot controls? A welfare based approach to determine slot levels," Transportation Research Part B: Methodological, Elsevier, Elsevier, vol. 46(9), pages 1239-1259.
  4. Vikrant Vaze & Cynthia Barnhart, 2012. "An assessment of the impact of demand management strategies for efficient allocation of airport capacity," International Journal of Revenue Management, Inderscience Enterprises Ltd, vol. 6(1/2), pages 5-27.

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