期刊
JOURNAL OF AIR TRANSPORT MANAGEMENT
卷 93, 期 -, 页码 -出版社
ELSEVIER SCI LTD
DOI: 10.1016/j.jairtraman.2021.102047
关键词
COVID-19 pandemic; Airport traffic recovery; Hub and small airports; Slot liberalization; Subsidy
资金
- National Natural Science Foundation of China research fund [71901065]
- Program for Young Excellent Talents of University of International Business and Economics [19YQ01]
With international air travels largely banned due to the global COVID-19 pandemic, airport traffic recovery has become the primary challenge for major airports around the world. The liberalization of hub airport slots in China has accelerated airport traffic recovery and improved social welfare. Additionally, the study found that excessive subsidies after liberalizing hub airport slots may harm overall social welfare if the government focuses too much on airport traffic recovery.
With international air travels largely banned around the world amid the global COVID-19 pandemic, many gateway and hub airports have more ideal slots available for reallocation. Airport traffic recovery replaces airport congestion to become the primary challenge of major airports around the world. With the pandemic well controlled domestically in China, the government liberalizes the hub airport slots for those previously forbidden services to the small/regional airports. This paper thus analytically examines the effect of this slot liberalization. The government subsidy to the small airports has also been considered. It is found that the slot liberalization can speed up airport traffic recovery for both hub and small airports. The hub airport slot liberalization leads to a lower level of minimum subsidy to sustain the survival of the small airports. Given any fixed level of subsidy to the small airport, both the total airport traffic and social welfare would improve with the slot liberalization at the hub airport. When the government can adjust the level of subsidy after liberalizing the hub airport slots, the subsidy could be excessive, if the government emphasizes too much on airport traffic recovery. This would, however, harm the overall social welfare.
作者
我是这篇论文的作者
点击您的名字以认领此论文并将其添加到您的个人资料中。
推荐
暂无数据