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  • Airline overbooking policy well known and so, too, should be its creator

    Economist Julian Simon, while a professor at Illinois, devised the notion of rewarding passengers on overbooked flights if they gave up their seats. The seemingly subtle switch provided a $100 billion jolt to the U.S. economy over the last three decades, says former colleague James Heins.

    Economist Julian Simon, while a professor at Illinois, devised the notion of rewarding passengers on overbooked flights if they gave up their seats. The seemingly subtle switch provided a $100 billion jolt to the U.S. economy over the last three decades, says former colleague James Heins.

    Photo courtesy University of Maryland

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      Economist Julian Simon, while a professor at Illinois, devised the notion of rewarding passengers on overbooked flights if they gave up their seats. The seemingly subtle switch provided a $100 billion jolt to the U.S. economy over the last three decades, says former colleague James Heins.

      Photo courtesy University of Maryland

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