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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, vol. 30(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

    as
    1. Severin Borenstein, 1992. "The Evolution of U.S. Airline Competition," Journal of Economic Perspectives, American Economic Association, vol. 6(2), pages 45-73, Spring.
    2. Gale, Ian L. & Stegeman, Mark, 2001. "Sequential Auctions of Endogenously Valued Objects," Games and Economic Behavior, Elsevier, vol. 36(1), pages 74-103, July.
    3. McAfee, R Preston & McMillan, John, 1987. "Auctions and Bidding," Journal of Economic Literature, American Economic Association, vol. 25(2), pages 699-738, June.
    4. 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.
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    Cited by:

    1. James Reitzes & Brendan McVeigh & Nicholas Powers & Samuel Moy, 2015. "Competitive Effects of Exchanges or Sales of Airport Landing Slots," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 46(2), pages 95-125, March.
    2. 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.
    3. María Cristina Briggs & Diego Petrecolla, 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.
    4. Huasheng Song & Ruqu Wang & Jianliang Ye, 2018. "Scarce human resources and equilibrium industry structure," Journal of Economics, Springer, vol. 124(2), pages 99-119, June.

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