Ivaldi, Marc; Petrova, Milena; Urdanoz, Miguel - C.E.P.R. Discussion Papers - 2015
Motivated by the higher price sensitivity and service homogenisation in the airline industry in recent years, we …. The assumption that airlines compete on price allows us to take advantage of the observational equivalence between … auctions, to recover the distributional characteristics of air fares using a sample of airline tickets from the US domestic …