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.
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| 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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| 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: | INVALID USER | |||||||||
| Deposited On: | 20 Feb 2014 19:12 | |||||||||
| Last Modified: | 03 Oct 2019 06:12 |
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