Slot Allocation Grandfather Rights
Corrections
- Slot Allocation Grandfather Rights Definition
- Airport Slot Allocation Grandfather Rights
- Slot Allocation Grandfather Rights Amendment
- Slot Allocation Grandfather Rights Legislation
- Slot Allocation Grandfather Rights Activist
Grandfather rights allow an incumbent airline to keep a slot in perpetuity. Provided a slot is used on at least 80% of occasions during one season, it can be retained for the next corresponding season. There are no real restrictions on the use to which the slot can be put. This rule requires air carriers to use the slots, as allocated, for at least 80 per cent during the given season, e.g. For a summer or winter period, in order to profit from the grandfather rights priority during the next equivalent season. In other words, up to 20 per cent of the allocated slots could eventually be wasted by simply not using them.
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Slot Allocation Grandfather Rights Definition
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Grandfather rights are currently used in the European Union to allocate airport slots. This article shows that airports prefer such a use-it-or-lose-it rule to unconditional property rights. Assuming that there are informational asymmetries between airports and air carriers because air carriers have better information on passenger demand, the use-it-or-lose-it rule increases slot use when demand for air transport is low. Airport profits increase and those of the air carriers, together with social welfare, decrease. The profit-maximizing slot-use ratio is less than one.
- Record URL:
- http://www.sciencedirect.com/science/article/B6V99-4WB3768-2/2/dd587b709589155a394b5698921ce51c
- Availability:
- Find a library where document is available. Order URL: http://worldcat.org/issn/01912615
- Supplemental Notes:
- Abstract reprinted with permission from Elsevier
- Authors:
- Sieg, Gernot
- Publication Date: 2010-1
Language
- English
Media Info
- Media Type: Print
- Features: References;
- Pagination: pp 29-37
- Serial:
- Volume: 44
- Issue Number: 1
- Publisher: Elsevier
- ISSN: 0191-2615
- Serial URL: http://www.sciencedirect.com/science/journal/01912615
Airport Slot Allocation Grandfather Rights
Slot Allocation Grandfather Rights Amendment
Subject/Index Terms
- TRT Terms: Airlines; Airports; Markets; Profits; Slot allocation
- Identifier Terms: European Union
- Uncontrolled Terms: Grandfather rights
- Subject Areas: Administration and Management; Aviation; Terminals and Facilities;
Slot Allocation Grandfather Rights Legislation
Filing Info
Slot Allocation Grandfather Rights Activist
- Accession Number: 01146554
- Record Type: Publication
- Files: TRIS
- Created Date: Dec 15 2009 1:53PM