Specification tests using stochastic bottleneck models of airport congestion investigate whether dominant airlines internalize or ignore self-imposed delays at twenty-seven major US airports. Data on flight times determine the airport's landing and takeoff delays for every minute of operation...

Implementing congestion pricing at 27 major US airports would reduce delays by 13 passenger-years and 1000 aircraft-hours every day, saving 3-5 million dollars daily. Chicago and Atlanta would save about 1000 dollars per aircraft. Airport revenues would increase about 11 million dollars daily. A...