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Competition for scarce inputs: the case of airport takeoff and landing slots

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  • Ian Gale

Abstract

An analysis of competition for scarce inputs, describing the outcome of an auction of takeoff and landing slots between two airline carriers and the possible outcomes from a merger or takeover wave. The results suggest that the concern over monopolization of airports may be misplaced.

Suggested Citation

  • Ian Gale, 1994. "Competition for scarce inputs: the case of airport takeoff and landing slots," Economic Review, Federal Reserve Bank of Cleveland, issue Q II, pages 18-25.
  • Handle: RePEc:fip:fedcer:y:1994:i:qii:p:18-25:n:v.30no.2
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    File URL: http://www.clevelandfed.org/Research/Review/1994/94-q2-gale.pdf
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    References listed on IDEAS

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    1. Severin Borenstein, 1992. "The Evolution of U.S. Airline Competition," Journal of Economic Perspectives, American Economic Association, pages 45-73.
    2. Gale, I.L. & Stegeman, M., 1993. "Sequential Auction of Endogenously Valued Objects," Working papers 9318, Wisconsin Madison - Social Systems.
    3. Krishna, Kala, 1993. "Auctions with Endogenous Valuations: The Persistence of Monopoly Revisited," American Economic Review, American Economic Association, vol. 83(1), pages 147-160, March.
    4. McAfee, R Preston & McMillan, John, 1987. "Auctions and Bidding," Journal of Economic Literature, American Economic Association, vol. 25(2), pages 699-738, June.
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    Cited by:

    1. Yvan Lengwiler, 1999. "The multiple unit auction with variable supply," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 14(2), pages 373-392.
    2. Briggs, María Cristina & Petrecolla, Diego, 2001. "Problemas de competencia en la asignación de la capacidad de los aeropuertos. El Caso Argentino," UADE Textos de Discusión 24_2001, Instituto de Economía, Universidad Argentina de la Empresa.

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