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Ending overbooking would end leniency on missed flights. Many airlines allow zero or low cost rebooking for flights missed due to transportation delays "flat tire rules". I think we should just have some transparency on overbooking and limit it by some well known statistical measure.

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But the rebooked seat doesn't displace somebody on the next flight, so what's the actual cost?

If I miss a flight by say 15 mins, in certain fare classes, the airline will let me reschedule to a later flight at no cost. Which means if they can't resell that seat in 15 mins, they're losing money because that seat is now empty (and they're essentially refunded me the price)

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