Price discrimination in international airline markets
Gaurab Aryal, Charles Murry, Jonathan W. Williams
| Year of publication: |
November 26, 2018
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| Authors: | Aryal, Gaurab ; Murry, Charles ; Williams, Jonathan W. |
| Publisher: |
Chestnut Hill, MA, USA : Boston College |
| Subject: | Preisdifferenzierung | Price discrimination | Luftverkehr | Air transport | Fluggesellschaft | Airline | Welt | World | Preismanagement | Pricing strategy | Theorie | Theory |
freely available
| Extent: | 1 Online-Ressource (circa 52 Seiten) Illustrationen |
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| Series: | Boston College working papers in economics. - Chestnut Hill, MA, ZDB-ID 2122341-5. - Vol. 968 |
| Type of publication: | Book / Working Paper |
| Type of publication (narrower categories): | Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper |
| Language: | English |
| Notes: | We develop a model of inter-temporal and intra-temporal price discrimination by airlines to study the ability of different discriminatory mechanisms to remove sources of inefficiency and the associated distributional implications. To estimate the model's multi-dimensional distribution of preference heterogeneity, we use unique data from international airline markets with flight-level variation in prices across time and cabins, and information on passengers' reason for travel. We find that current pricing practices grant late-arriving business passengers substantial informational rents and yield 81% of first-best welfare, with stochastic demand and asymmetric information accounting for 65% and 35% of the gap, respectively. |
| Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10011960184