Airport slot allocation in Europe: economic efficiency and fairness
We propose a mechanism for solving the airport slot allocation problem in Europe. We consider the interdependence of the slots at different airports, and we maximize the efficiency of the system. Through an experimental analysis we quantitatively assess the cost imposed by grandfather rights, which constitute one of the main principles of the current slot allocation mechanism. Moreover, we introduce the possibility to fairly redistribute costs among airlines through monetary compensations. Our results suggest that it is possible to remove grandfather rights without significantly penalizing airlines.
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- Verhoef, Erik T., 2010.
"Congestion pricing, slot sales and slot trading in aviation,"
Transportation Research Part B: Methodological,
Elsevier, vol. 44(3), pages 320-329, March.
- Erik T. Verhoef, 2008. "Congestion Pricing, Slot Sales and Slot Trading in Aviation," Tinbergen Institute Discussion Papers 08-030/3, Tinbergen Institute.
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- Soomer, M.J. & Franx, G.J., 2008. "Scheduling aircraft landings using airlines' preferences," European Journal of Operational Research, Elsevier, vol. 190(1), pages 277-291, October.
- Madas, Michael A. & Zografos, Konstantinos G., 2006. "Airport slot allocation: From instruments to strategies," Journal of Air Transport Management, Elsevier, vol. 12(2), pages 53-62.
- Sentance, A., 2003. "Airport slot auctions: desirable or feasible?," Utilities Policy, Elsevier, vol. 11(1), pages 53-57, March.
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