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Air traffic flow control during adverse weather conditions is managed by the Federal Aviation Administration in today's air traffic system, although it is the individual airlines that are in the best position to assess the costs of disruptions to scheduled operations. To improve the efficiency of resource allocation, a market mechanism is proposed that enables airlines to participate directly in the...
This work proposes a novel aggregate air traffic flow control model for competitive airlines with private preference information over traffic control actions. A capacity resource market is presented for which guarantees of efficiency exist for price-taking airlines. A distributed market algorithm is developed whose results are always weakly preferred by all airlines over a central solution that does...
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