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A Market In Airport Slots
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Book Synopsis A Market in Airport Slots by : David Starkie
Download or read book A Market in Airport Slots written by David Starkie and published by . This book was released on 2003 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last twenty years, airports and airlines have been privatised in a number of countries. However, many of the fundamental functions of airports remain outside the market process. In particular, the allocation of take-off and landing slots is largely determined by custom and practice and by regulation. The pricing of such slots does not follow economically rational principles. The current, arbitrary system of allocating airport slots can hinder competition and prevent slots being used by airlines that value them most. The authors suggest how a market in airport slots can be developed to address these problems. They are careful to take account of competition issues and other special features of the industry in developing their proposals. Nevertheless, the authors agree on the need to assign property rights to airport slots and allow slots to be traded. Only then can there be a more rational allocation of scarce airport take-off and landing slots.
Download or read book Airport Slots written by Achim I. Czerny and published by Taylor & Francis. This book was released on 2016-12-14 with total page 453 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past several decades, commercial air traffic has been growing at a far greater rate than airport capacity, causing airports to become increasingly congested. How can we accommodate this increased traffic and at the same time alleviate traffic delays resulting from congestion? The response outside the US has been to set a maximum number of slots and use administrative procedures to allocate these among competing airlines, with the most important consideration being 'grandfather rights' to existing carriers. The United States, on the other hand, has used administrative procedures to allocate slots at only four airports. In all other cases, flights have been handled on a first-come, first-served basis, with aircraft queuing for the privilege of landing or taking off from a congested airport. While recognizing the advantages of slot systems in lessening delays, economists have criticized both approaches as being sub-optimal, and have advocated procedures such as slot auctions, peak-load pricing and slot trading to better utilize congested airports. Edited by an international team of air transport economists and drawing on an impressive list of contributors, Airport Slots provides an extremely comprehensive treatment of the subject. It considers the methods currently used to allocate slots and applies economic analysis to each. The book then explains various schemes to increase public welfare by taxing or pricing congestion, and describes alternate slot-allocation schemes, most notably slot auctions. In addition, Airport Slots outlines the complexities involved in slot-allocation methods, including the requirement for multiple slots - a take-off slot at London Heathrow is useless unless there is a landing slot available at Frankfurt for a London Frankfurt flight. Finally, the book explores the economic pitfalls of slot-allocation schemes; for example, controls may not be required if external delay costs are internalized by a dominant carrier at its hub. Airport Slots provides a valuable contribution to the debate on how best to limit airport congestion. The book's comprehensive treatment of the subject matter provides the reader with a 'one-stop' volume to explore airport congestion and slot-allocation schemes, offering valuable insights to academics and practitioners alike.
Book Synopsis Terminal Problem? by : Kristian Niemietz
Download or read book Terminal Problem? written by Kristian Niemietz and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Airport Access Problems by : Donald Koran
Download or read book Airport Access Problems written by Donald Koran and published by . This book was released on 1983 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Allocating airport slots, a role for the market? by : David Starkie
Download or read book Allocating airport slots, a role for the market? written by David Starkie and published by . This book was released on 1998 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. House. Committee on Public Works and Transportation. Subcommittee on Aviation Publisher : ISBN 13 : Total Pages :600 pages Book Rating :4.3/5 (121 download)
Book Synopsis Allocation of Slots at High Density Airports by : United States. Congress. House. Committee on Public Works and Transportation. Subcommittee on Aviation
Download or read book Allocation of Slots at High Density Airports written by United States. Congress. House. Committee on Public Works and Transportation. Subcommittee on Aviation and published by . This book was released on 1986 with total page 600 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Principles of Airport Economics by : Senguttuvan
Download or read book Principles of Airport Economics written by Senguttuvan and published by Excel Books India. This book was released on 2016-11 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Aviation Markets written by David Starkie and published by Routledge. This book was released on 2016-12-05 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: Aviation Markets: Studies in Competition and Regulatory Reform is a collection of 17 papers selected from David Starkie's extensive writings over the last 25 years. Previously published material has been extensively edited and adapted, and combined with new material, published here for the first time. The book is divided into five sections, each featuring an original overview chapter, to better establish the background and also explain the papers' wider significance including, wherever appropriate, their relevance to current policy issues. These papers have been selected to illustrate a significant theme that has been relatively neglected thus far in both aviation and industrial economics: the role of the market and its interplay with the development of economic policy in the context of a dynamic but partly price regulated industry. The result provides a strong flavour of how market mechanisms, and particularly competition, can operate to successfully resolve policy issues. The book will be of interest to academics and those engaged in the formulation of aviation policy, such as public administrators and consultants, as well as those working in the aviation industry. It is also relevant to economic studies in a more general context, particularly to students and practitioners in industrial organisation economics, including those studying and researching the public utility industries.
Book Synopsis Proposal for a Market-based Solution to Airport Delays by : William Tom Whalen
Download or read book Proposal for a Market-based Solution to Airport Delays written by William Tom Whalen and published by . This book was released on 2007 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Aviation Publisher : ISBN 13 : Total Pages :134 pages Book Rating :4.F/5 ( download)
Book Synopsis Buying and Selling Airport Operating Rights by : United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Aviation
Download or read book Buying and Selling Airport Operating Rights written by United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Aviation and published by . This book was released on 1986 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Airport Slot Auction When Airlines Have Market Power by : Wan, Xi
Download or read book Airport Slot Auction When Airlines Have Market Power written by Wan, Xi and published by . This book was released on 2017 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies uniform-price auctions for multiple units of airport slots in which the airlines purchase slots for take-off and landing at an airport. It considers strategic behavior on the part of bidding airlines and on the part of airport authority, who acts as a seller and decides supply quantity after receiving the bid schedules from airlines. Airport authority has a reservation price and decides to either reveal or hide it before the auction takes place. We find that when the reservation price is public, airlines misreport their valuations of slots and tilt their demand schedules downwards. The magnitude of misreport decreases with the realization of reservation price. A unique equilibrium of optimum bidding exists under a private reservation price scheme. Moreover, we show that' auction results in less slots being traded than would have been assigned by a social planner.
Book Synopsis Airline Finance by : Peter S. Morrell
Download or read book Airline Finance written by Peter S. Morrell and published by Ashgate Publishing, Ltd.. This book was released on 2007 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: Revised and updated in its third edition, this internationally renowned and respected book provides the essentials to understanding all areas of airline finance. Designed to address each of the distinct areas of financial management in an air transport industry context, it also shows how these fit together, while each chapter and topic provides a detailed resource which can be also consulted separately. Thoroughly amended and updated throughout, the third edition reflects the many developments that have affected the industry since 2001. It features several important new topics, including Low Cost Carriers (LCCs), fuel hedging and US Chapter 11 provisions.
Author :United States. Congress. House. Committee on Public Works and Transportation. Subcommittee on Aviation Publisher : ISBN 13 : Total Pages :676 pages Book Rating :4.3/5 (121 download)
Book Synopsis Government Policies on the Transfer of Operating Rights Granted by the Federal Government, Particularly Certificates of Public Convenience and Necessity and Airport Slots by : United States. Congress. House. Committee on Public Works and Transportation. Subcommittee on Aviation
Download or read book Government Policies on the Transfer of Operating Rights Granted by the Federal Government, Particularly Certificates of Public Convenience and Necessity and Airport Slots written by United States. Congress. House. Committee on Public Works and Transportation. Subcommittee on Aviation and published by . This book was released on 1986 with total page 676 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis ITF Research Reports Liberalisation of Air Transport by : International Transport Forum
Download or read book ITF Research Reports Liberalisation of Air Transport written by International Transport Forum and published by OECD Publishing. This book was released on 2019-05-03 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: Aviation is one of the most regulated industries in the world. Much of this regulation is safety-related, to mitigate the inherent risks tied with air transport. But aviation is also subject to economic regulation that influences which airline flies which route, at which frequency, capacity and price. It even stipulates the nationality of its owners and decision makers. Aviation has freed itself from some restrictions over the past three decades, with many benefits to society. Yet liberalisation has also raised issues with regard to maintaining fair competition, high labour standards and mitigating aviation’s growing environmental impact.
Book Synopsis Federal Aviation Regulations by : United States. Federal Aviation Administration
Download or read book Federal Aviation Regulations written by United States. Federal Aviation Administration and published by . This book was released on 1993 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Creating Property Rights by : Margherita Colangelo
Download or read book Creating Property Rights written by Margherita Colangelo and published by Martinus Nijhoff Publishers. This book was released on 2012-04-19 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: The creation by government regulation of entitlements akin to property rights is a widespread phenomenon imposing a reconsideration of the traditional categories of public and private property. The allocation of such rights that lack an explicit legislative definition but are object of relevant social and legal interests is a very complex topic, which has become very acute in cases where markets have been established for them. The analysis of the systems created for the allocation and management of these rights is the core of this book, which examines four emblematic examples: airport slots, spectrum rights, milk quotas and emission allowances. The book focuses on the European level, including legislation and the most relevant policy issues, by means of a comparative method involving private law, public law and law and economics approaches.
Book Synopsis Market-based Allocation of Airport Slots by : Eduardo Cardadeiro
Download or read book Market-based Allocation of Airport Slots written by Eduardo Cardadeiro and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
