In the table below "Slots" refers to the period before Congress got involved; "No Slots" refers to the period after they got involved.
Table 2. Number of Scheduled Arrivals and On-Time Performance
Arrivals | On-Time % | |||||
---|---|---|---|---|---|---|
Slots | No Slots | Change | Slots | No Slots | Change | |
LaGuardia | 10,477 | 14,063 | 34% | 75% | 47% | -28% |
O'Hare | 25,944 | 35,597 | 37% | 83% | 67% | -16% |
JFK | 8,037 | 12,680 | 58% | 78% | 65% | -13% |
Economists in the Antitrust Division have a simple solution: reduce the number of landing slots, and then auction them off to the highest bidders. Reduce delays and promote competition.
Perhaps the best reason for having antitrust laws and agencies who enforce them is that they can provide a little light in a very dark place.
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