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Hangars at Public Airports (US)



 
 
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  #10  
Old April 7th 04, 03:01 AM
Nyal Williams
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Such an arrangement puts hangarage into a directly
competitive market economy. How often should/could
such auctions be held? Annually, quarterly, monthly?



-------
A Dutch Auction does not 'charge more for like hangar
space to one user than
another'. It charges all of the successful bidders
the same price as the
lowest successful bidder. The marginal bidder gets
what he wanted at the
price he was willing to pay. Those who bid higher
get what they wanted a
price below what they were willing to pay. Those who
bid less than the
marginal bidder did not want/need it bad enough. Overall
a pretty fair and
efficient method to distribute a valuable resource.






 




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