The Allocation of Runway Slots by Auction. Volume II. The Airline Management Game and Slot Auction Testing

摘要

The allocation of runway slots at the high-density airports by means of an auction is studied. Previous approaches to slot auctions have not allowed for the interdependency of slot values to the air carriers--a single slot for a landing of an aircraft is likely to be of little value without a corresponding slot for a subsequent take-off of that aircraft. A Slot Exchange Auction is designed, its theoretical properties and practical implementation discussed. It is shown to allow the slot market to reach an efficient equilibrium under competitive conditions. The Airline Management Game is used to create a simulation test of the Slot Exchange Auction and its associated continuous market, the slot exchange. (Author)