« Top ten blogs to read during the banking crisis | Main | Humpty-Dumpty theories »
A little good news
The DOT will begin to auction off landing slots at airports...well at LaGuardia, Newark and JFK anyway...and "up to 10%" of the slots...and with "mounting opposition." I did say this was a little good news didn't I?
Posted by Alex Tabarrok on October 10, 2008 at 06:09 AM in Economics | Permalink
Comments
Gosh, maybe Naomi Klein is right then! In times of crisis free market ideas make strides forwards!
Posted by: Tim Worstall at Oct 10, 2008 8:44:32 AM
I guess there is one case where a free market ideal wins over the special interests (airlines already having underpriced landing slots).
Posted by: Matt at Oct 10, 2008 11:58:41 AM
Too early to call it a win, Matt. The airlines and airports have powerful allies, especially Sen. Chuck Schumer of NY. I strongly expect that this plan will be shutdown, slightly depending on how much the next Administration wants to fight for it. The Administration has been fighting for this for years, with few allies but many enemies.
Posted by: John Thacker at Oct 10, 2008 12:38:48 PM
Too late for the forgotten passengers of Flight 4184:
http://web.bsu.edu/jmcclure/Flt.4184.pdf
Posted by: indiana jim at Oct 10, 2008 12:41:09 PM
I remember taking a foundations of experimental economics taught by Mark Olson. It was perhaps the most interesting econ course I've taken as an undergrad and I always was fascinated by the auction model he wanted implemented at airports. It seemed that, once again, we were being subjected to unnecessary deadweight loss. This is good news indeed.
Posted by: Nathanael J. Minarik at Oct 10, 2008 1:10:37 PM
You can get a lot more landing slots if you get rid of the control tower.
Nothing slows down aircraft movements more than a guy on the radio.
Posted by: rhhardin at Oct 10, 2008 2:03:32 PM
I thought the published experiments involving these auctions showed that they were easily gamed?
Posted by: at Oct 10, 2008 2:05:34 PM
I thought the published experiments involving these auctions showed that they were easily gamed?
Even if they were gamed, the current procedure is simply to give the slots away for free to the (most politically connected) airlines. Gaming of auctions can and has happened, though auctions can be designed better to prevent it.
Posted by: John Thacker at Oct 14, 2008 10:25:56 AM
Actually, at times they've also experimented with lottery giveaways of slots as well, but that's hardly efficient either.
Posted by: John Thacker at Oct 14, 2008 10:27:42 AM
hi,I University majoring in the legal profession.After graduation,I 徵信社 the work of the strong interest.Has worked in several室內設計.Has a wealth of experience. Now I immigrants France,Hope to continue to engage in the work of室內設計 credit.
now,is to wake up every day to drink 徵信社, shopping. I hope that early awareness of Boles.
thanks,thank very much.
Posted by: jun at Oct 14, 2008 11:13:54 AM
