Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/51313 
Authors: 
Year of Publication: 
2009
Series/Report no.: 
Economics Department Working Paper Series No. 4
Publisher: 
Technische Universität Braunschweig, Institut für Volkswirtschaftslehre, Braunschweig
Abstract: 
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 prots increase and those of the air carriers, together with social welfare, decrease. The prot-maximizing rule is a use-it- g < 1-or-lose-it rule.
Subjects: 
Airports
Grandfather rights
use-it-or-lose-it rule
airport slots
JEL: 
L93
R48
D42
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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