, reduce airport delays, and, more generally, promote competition …With the clamor rising over airport delays and with both the Congress and the Administration considering remedies, this … paper advocates the use of market mechanisms, specifically slot auctions, to promote efficient usage of airport capacity …

Airport delays are increasingly significantly. These delays are largely attributable to increased congestion on runways … would redistribute airport facilities toward higher-valued uses, incentivize airlines to make more efficient use of airport … capacity, and generate revenue to fund airport improvements and capacity expansion …

Competition is a dynamic process in which firms vie for advantage; regulation is typically a set of static rules. On … with administrative slot allocation, drawing in particular on the application of those rules at Dublin airport. It suggests … the best way to promote competition in aviation is to avoid choosing an administrative basis of slot allocation …