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Proposal For A Market-Based Solution to Airport Delays

Author

Listed:
  • W. Tom Whalen

    (Economic Analysis Group, Antitrust Division, U.S. Department of Justice)

  • Dennis W. Carlton

    (Economic Analysis Group, Antitrust Division, U.S. Department of Justice)

  • Ken Heyer

    (Economic Analysis Group, Antitrust Division, U.S. Department of Justice)

  • Oliver Richard

    (Economic Analysis Group, Antitrust Division, U.S. 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.

Suggested Citation

  • W. Tom Whalen & Dennis W. Carlton & Ken Heyer & Oliver Richard, 2007. "Proposal For A Market-Based Solution to Airport Delays," EAG Competition Advocacy Papers 200714, Department of Justice, Antitrust Division.
  • Handle: RePEc:doj:compad:200714
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    File URL: https://www.justice.gov/atr/public/eag/227380.pdf
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    References listed on IDEAS

    as
    1. 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 888-895, December.
    2. 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.
    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 74-96, March.
    4. 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.
    5. Cramton, Peter, 1998. "The Efficiency of the FCC Spectrum Auctions," Journal of Law and Economics, University of Chicago Press, vol. 41(2), pages 727-736, October.
    6. Carlton, Dennis W, 1977. "Peak Load Pricing with Stochastic Demand," American Economic Review, American Economic Association, vol. 67(5), pages 1006-1010, December.
    7. Wilson, Robert B, 1989. "Efficient and Competitive Rationing," Econometrica, Econometric Society, vol. 57(1), pages 1-40, January.
    8. Visscher, Michael L, 1973. "Welfare-Maximizing Price and Output with Stochastic Demand: Comment," American Economic Review, American Economic Association, vol. 63(1), pages 224-229, March.
    9. Paul Klemperer, 2004. "Auctions: Theory and Practice," Online economics textbooks, SUNY-Oswego, Department of Economics, number auction1.
    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 119-128, March.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Santos, Georgina & Robin, Maƫl, 2010. "Determinants of delays at European airports," Transportation Research Part B: Methodological, Elsevier, vol. 44(3), pages 392-403, March.
    2. 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.
    3. Gillen, David & Jacquillat, Alexandre & Odoni, Amedeo R., 2016. "Airport demand management: The operations research and economics perspectives and potential synergies," Transportation Research Part A: Policy and Practice, Elsevier, vol. 94(C), pages 495-513.
    4. Jan K. Brueckner, 2008. "Slot-Based Approaches to Airport Congestion Management," CESifo Working Paper Series 2302, CESifo Group Munich.
    5. 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.

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