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Auctioning airport slots (?)

Nicolas Gruyer and Nathalie Lenoir ()
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Nicolas Gruyer: LEEA (air transport economics laboratory), ENAC
Nathalie Lenoir: LEEA (air transport economics laboratory), ENAC

No 1, Economics Working Papers from LEEA (air transport economics laboratory), ENAC (french national civil aviation school)

Abstract: The current allocation of slots on congested European airports constitutes an obstacle to the effective liberalisation of air transportation undertaken in Europe. With a view to favouring efficient slot utilisation and competition, as is the goal of the European commission, we propose to use a market mechanism, based on temporary utilisation licences. In order to allocate those licences, we propose and describe an iterated combinatorial auction mechanism where a percentage of licences would be reallocated each season. A secondary market would also be set up in order to reallocate slots during a season. Since a combinatorial auction involve a complex optimisation procedure, we describe how it can be made to work in the case of auctions.

Keywords: slots; airports; licence; auction; combinatorial (search for similar items in EconPapers)
JEL-codes: D44 L93 L98 H54 (search for similar items in EconPapers)
Date: 2003-06
Note: Type of Document - pdf; pages: 18.
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