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Author: | Brueckner, J. K. |
Title: | Airport congestion when carriers have market power |
Journal: | American Economic Review
2002 : DEC, VOL. 92:5, p. 1357-1375 |
Index terms: | AIRPORTS CONGESTION MONOPOLY |
Freeterms: | CARRIERS |
Language: | eng |
Abstract: | This paper analyzes airport congestion when carriers are nonatomistic, showing how the results of the road-pricing literature are modified when the economic agents causing congestion have market power. The analysis shows that when an airport is dominated by a monopolist, congestion is fully internalized, yielding no role for congestion pricing under monopoly conditions. |
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