Primary auction of slots at European airports
We use the Vickrey–Clarke–Groves auction mechanism to propose a system of primary auctions of slots at congested European airports. The system would ensure allocative efficiency and would be incentive-compatible, flexible, understandable, implementable and transparent. Only 10% of slots would be auc...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
Elsevier
2014
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| _version_ | 1826258908272918528 |
|---|---|
| author | Pertuiset, T Santos, G |
| author_facet | Pertuiset, T Santos, G |
| author_sort | Pertuiset, T |
| collection | OXFORD |
| description | We use the Vickrey–Clarke–Groves auction mechanism to propose a system of primary auctions of slots at congested European airports. The system would ensure allocative efficiency and would be incentive-compatible, flexible, understandable, implementable and transparent. Only 10% of slots would be auctioned per year. The current slot coordination mechanism used in Europe, based on historic use of slots, would thus be phased out and disappear within a decade. |
| first_indexed | 2024-03-06T18:41:28Z |
| format | Journal article |
| id | oxford-uuid:0d005ef3-df4e-417e-a7d2-8060d03c73d2 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-06T18:41:28Z |
| publishDate | 2014 |
| publisher | Elsevier |
| record_format | dspace |
| spelling | oxford-uuid:0d005ef3-df4e-417e-a7d2-8060d03c73d22022-03-26T09:38:13ZPrimary auction of slots at European airportsJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:0d005ef3-df4e-417e-a7d2-8060d03c73d2EnglishOxford University Research Archive - ValetElsevier2014Pertuiset, TSantos, GWe use the Vickrey–Clarke–Groves auction mechanism to propose a system of primary auctions of slots at congested European airports. The system would ensure allocative efficiency and would be incentive-compatible, flexible, understandable, implementable and transparent. Only 10% of slots would be auctioned per year. The current slot coordination mechanism used in Europe, based on historic use of slots, would thus be phased out and disappear within a decade. |
| spellingShingle | Pertuiset, T Santos, G Primary auction of slots at European airports |
| title | Primary auction of slots at European airports |
| title_full | Primary auction of slots at European airports |
| title_fullStr | Primary auction of slots at European airports |
| title_full_unstemmed | Primary auction of slots at European airports |
| title_short | Primary auction of slots at European airports |
| title_sort | primary auction of slots at european airports |
| work_keys_str_mv | AT pertuisett primaryauctionofslotsateuropeanairports AT santosg primaryauctionofslotsateuropeanairports |