AIRPORT CONGESTION PRICING AND ITS WELFARE IMPLICATIONS: THE CASE OF VARIABLE PASSENGER TIME COSTS
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AbstractThis paper develops an analytical framework for airport congestion pricing by considering variable passenger time costs. We find that, first, congestion delays will not be fully internalized at the carrier level under different market structures, including those airports dominated by a monopoly airline. Therefore, congestion pricing is necessary regardless of the market structures. Second, although congestion pricing is welfare-improving, it may not be Pareto-improving. This might explain why congestion pricing is unpopular in the real world.
All Author(s) ListYuen ACL, Zhang AM
Journal namePacific Economic Review
Year2011
Month2
Day1
Volume Number16
Issue Number1
PublisherWiley: 24 months
Pages83 - 102
ISSN1361-374X
eISSN1468-0106
LanguagesEnglish-United Kingdom
Web of Science Subject CategoriesBusiness & Economics; Economics; ECONOMICS

Last updated on 2021-19-02 at 23:54