This dissertation consists of four related studies on the assessment of decentralized welfare-maximizing airport congestion policies involving (grandfathered) slot policy and pricing policy. Different demand structures and airport networks are considered in the presence of origin-destination...

This study considers a stylized airport network designed to clearly identify the role of local and non-local passengers for the assessment of local welfare-maximizing airport congestion policies. The analysis shows that the local welfare-maximizing slot quantity can coincide with the first-best...

We analyze multi-runway airport slot allocation problems during adverse weather. The number of slots assigned in any time interval is the same across feasible and non-wasteful landing schedules. The structure of the set of assigned slots is more complex than its counterpart in the single-runway...

This paper estimates the relationship between the strength of economic shocks and temporal recovery in the world air transport industry. Our results show that world recovery of passenger demand to pre-COVID-19 levels is estimated to take 2.4 years (recovery by late-2022), with the most...

Many passengers can choose among various destinations for their flight trips (for instance, a leisure trip from Asia to Europe or the US). A major feature of the present study is to incorporate substitute air services for origin-destination passengers into the analysis of equilibrium airport...

This paper offers a simple approach for identifying propagated departure delays and measuring their contribution to arrival delays. Under our approach, a propagated departure delay occurs when the arrival delay of the inbound flight exceeds the subsequent flight’s ground buffer. The size (or...

This study assesses the economic importance of air transport and airport activities in Belgium in terms of value added, employment and investment over the 2013-2015 period. The sector considered embraces not only the activities directly connected with air transport, but also all those that take...

Conventional economic models in airport regulation assume, that airports have considerable market power and may exploit it against airlines. Given, that many airports are served by only a limited number of airlines, mono- or oligopsony relationships may exist. This paper relaxes therefore this...

This study is a publication issued by the Microeconomic Analysis service of the National Bank of Belgium, in partnership with the Department of Transport and Regional Economics of the University of Antwerp (UA). It is the outcome of a first research project on the Belgian airport and air...

Island regions are generally dependent on transport services in order to retain cohesion with the mainland and for their socioeconomic development. Europe with its geography presents a number of island areas, with distinct characteristics, and transport needs. This paper focuses on the...