Congestion pricing of Canadian airports

Congestion pricing of Canadian airports

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Article ID: iaor20111784
Volume: 44
Issue: 1
Start Page Number: 290
End Page Number: 324
Publication Date: Feb 2011
Journal: Canadian Journal of Economics/Revue canadienne d'conomique
Authors:
Keywords: economics
Abstract:

Under congestion pricing, Canadian airports would annually save between $72million and $105 million. Social costs per landing and takeoff decrease about $300 at Toronto and Vancouver and $50 at Calgary and Montreal. Slot constraints fail to eliminate this airport congestion. Congestion prices are lower on average than existing weight-based prices. Current airport capacity accommodates at least five more years of traffic growth before congestion reaches current levels. Substantial welfare gains occur even if dominant airlines already internalize their self-imposed delays. This article calculates equilibrium congestion pricing schedules, traffic rates, queuing delays, layover times, and connection times by time of day.

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