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Pertuiset, Thomas; Santos, Georgina (2014)
Publisher: Elsevier
Languages: English
Types: Article
Subjects:

Classified by OpenAIRE into

ACM Ref: TheoryofComputation_GENERAL
We use the Vickrey–Clarke–Groves auction mechanism to propose a system of primary auctions of slots at congested European airports. The system would ensure allocative efficiency and would be incentive-compatible, flexible, understandable, implementable and transparent. Only 10% of slots would be auctioned per year. The current slot coordination mechanism used in Europe, based on historic use of slots, would thus be phased out and disappear within a decade.

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