Accession Number : ADA085455

Title :   The Allocation of Runway Slots by Auction. Volume III. Theory and Technical Issues for Implementation.

Descriptive Note : Final rept.,

Corporate Author : ECON INC PRINCETON NJ

Personal Author(s) : Sand,F M ; Balinski,M L

Full Text :

Report Date : 15 Apr 1980

Pagination or Media Count : 87

Abstract : The allocation of runway slots at the high-density airports by means of an auction is studied. Previous approaches to slot auctions have not allowed for the interdependency of slot values to the air carriers--a single slot for a landing of an aircraft is likely to be of little value without a corresponding slot for a subsequent take-off of that aircraft. A Slot Exchange Auction is designed, its theoretical properties and practical implementation discussed. It is shown to allow the slot market to reach an efficient equilibrium under competitive conditions. The Airline Management Game is used to create a simulation test of the Slot Exchange Auction and its associated continuous market, the slot exchange. (Author)


Subject Categories : Economics and Cost Analysis

Distribution Statement : APPROVED FOR PUBLIC RELEASE