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Journal Article
Congestion at airports: the economics of airport expansions

Congestion and subsequent delays have been prevalent in many U.S. airports in recent years. A common response to congestion, championed by many community leaders, is to expand capacity by constructing new runways and terminals. Airport expansions are costly, complex, and controversial. We begin by using basic economic theory to analyze congestion at those airports that are part of an air transportation system. Next, we describe how benefit-cost analysis is used to assess the desirability of airport expansions. Many of the key points are illustrated in the context of Lambert?St. Louis ...
Review , Volume 85 , Issue May , Pages 9-26

Working Paper
Airport-related noise, proximity, and housing prices in Atlanta

Using hedonic models, we analyze the effects of noise and proximity on housing prices in neighborhoods near Hartsfield-Jackson Atlanta International Airport during 1995-2002. We address complications caused by changes over time in the levels and geographic distribution of noise and by the fact that noise levels are measured only at the beginning and after the end of the sample period. Generally speaking, housing prices were affected positively by declining noise levels. After accounting for proximity, house characteristics, and demographic variables, houses in noisier areas sold for less than ...
Working Papers , Paper 2005-060

Journal Article
Regional airports: fear of not flying

Fedgazette , Volume 13 , Issue Jan , Pages 12-14, 17

The national and regional economy

Remarks at Queens College, Flushing, New York.
Speech , Paper 124

Journal Article
On a wing and a subsidy

Is the Essential Air Service program still vital after 30 years?
Fedgazette , Volume 20 , Issue Mar , Pages 14-16

Journal Article
Taking off: Discount airlines transform flying

EconSouth , Volume 5 , Issue Q3 , Pages 8-13

Journal Article
Regional airports: Fasten your seatbelt

Fedgazette , Volume 12 , Issue Oct , Pages 8-9, 14

Journal Article
Regional airports: embarking on smoother skies

District airports bounce back from 2001 lows with the help of regional jet service.
Fedgazette , Volume 15 , Issue May , Pages 10-13

Journal Article
Auctions as a vehicle to reduce airport delays and achieve value capture

Congestion at airports imposes large costs on airlines and their passengers. A key reason for congestion is that an airline schedules its flights without regard to the costs imposed on other airlines and their passengers. As a result, during some time intervals, airlines schedule more flights to and from an airport than that airport can accommodate and flights are delayed. This paper explores how a specific market-based proposal by the Federal Aviation Administration (FAA), which includes the use of auctions to determine the right to arrive or depart in a specific time interval at airports in ...
Review , Volume 91 , Issue Nov

Journal Article
Common descent

Flight delays common at large airports also afflict regional airports in the district.
Fedgazette , Volume 20 , Issue Jul , Pages 16-17