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The Allocation of Landing Rights by Unanimity Among Competitors

Grether, David M. and Isaac, R. Mark and Plott, Charles R. (1981) The Allocation of Landing Rights by Unanimity Among Competitors. American Economic Review, 71 (2). pp. 166-171. ISSN 0002-8282. https://resolver.caltech.edu/CaltechAUTHORS:20140220-105902716

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Abstract

During the late 1960's, air congestion often involving long delays or "stacks" was common at major airports. The right to land and take off was allocated on a first-come, first-served basis with little coordination among scheduled carriers. Since 1968, the four major airports in the United States, La Guardia, Washington National, John F. Kennedy International, and O'Hare International, have been operating under a Federal Aviation Administration (FAA) high-density ruling which limits the number of slots (takeoffs and landings per hour) at each of these airports.


Item Type:Article
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http://www.jstor.org/stable/1815712JSTORArticle
http://resolver.caltech.edu/CaltechAUTHORS:20171006-165639532Related ItemWorking Paper
Additional Information:© 1981 American Economic Association. Also published in Current And Classic Readings For Microeconomic Literacy, a Thomson Custom Solutions publication. Financial support from the National Science Foundation and the Caltech Program of Enterprise and Public Policy is gratefully acknowledged.
Group:Social Science Working Papers
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Caltech Program of Enterprise and Public PolicyUNSPECIFIED
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Social Science Working Paper350
Issue or Number:2
Record Number:CaltechAUTHORS:20140220-105902716
Persistent URL:https://resolver.caltech.edu/CaltechAUTHORS:20140220-105902716
Official Citation:The Allocation of Landing Rights by Unanimity Among Competitors David M. Grether, R. Mark Isaac and Charles R. Plott The American Economic Review , Vol. 71, No. 2, Papers and Proceedings of the Ninety-Third Annual Meeting of the American Economic Association (May, 1981) , pp. 166-171 Published by: American Economic Association Article Stable URL: http://www.jstor.org/stable/1815712
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:43898
Collection:CaltechAUTHORS
Deposited By: Susan Vite
Deposited On:20 Feb 2014 19:12
Last Modified:03 Oct 2019 06:12

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