Thursday, September 18, 2008

Delay banking for air traffic

NASA proposes Delay banking for managing air traffic. The idea is that an airline whose flight was delayed by air traffic controllers would gain some 'delay points' that could be used to bid for early landing in (other) congested situations.

For some reason, NASA has taken out a patent on this idea. (The patent system is itself meant to be a solution to a certain kind of market design problem. The granting of patents to these kinds of "business practices" raises some questions about that solution. )

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