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Deregulation of Domestic Aviation - the First Year
Lawrence, Craig; Grimm, Curt; Jennings, Brad; Wuest, Norm; … - Volkswirtschaftliche Fakultät, … - 1991
October 1990. This study reviews the developments in the last few months of regulation and in the first year of deregulation …. Based on the first year's evidence, deregulation of domestic aviation in Australia has, from the consumer's perspective … deeper and more readily available under deregulation. Between September 1990 and June 1991quarters, real average fares of a …
Persistent link: https://www.econbiz.de/10005836229
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Demand Uncertainty and Capacity Utilization in Airlines
Escobari, Diego; Lee, Jim - Volkswirtschaftliche Fakultät, … - 2013
This paper studies the relationship between demand uncertainty—the key source of excess capacity—and capacity utilization in the U.S. airline industry. We present a simple theoretical model that predicts that lower demand realizations are associated with higher demand volatility. This...
Persistent link: https://www.econbiz.de/10011259875
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Pricing and travelers' decision to use frequent flyer miles: evidence from the U.S. airline industry
Bar, Michael; Chernomaz, Kirill; Diego, Escobari - Volkswirtschaftliche Fakultät, … - 2010
Previous research on Frequent Flyer Programs (FFP) covered various topics, from analyzing the effect of international airline alliances on domestic travel demand to the effect of airport dominance and FFP on pricing. However, one important constraint in previous empirical research on FFP is the...
Persistent link: https://www.econbiz.de/10009211222
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Frequent flyer programs premium and the role of airport dominance
Escobari, Diego - Volkswirtschaftliche Fakultät, … - 2010
This paper estimates a Frequent Flyer Programs (FFP) price premium -- higher fares associated with a larger proportion of travelers using FFP. The results show that FFP affect the entire price distribution, but the effect is larger on lower end fares. In addition, airport dominance increases the...
Persistent link: https://www.econbiz.de/10009647468
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Systematic peak-load pricing, congestion premia and demand diverting: Empirical evidence
Escobari, Diego - Volkswirtschaftliche Fakultät, … - 2009
This paper finds empirical support to systematic peak-load pricing in airlines---higher fares in ex-ante known …
Persistent link: https://www.econbiz.de/10009368135
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Dynamic Pricing, Advance Sales, and Aggregate Demand Learning in Airlines
Escobari, Diego - Volkswirtschaftliche Fakultät, … - 2011
This paper uses a unique U.S. airlines panel data set to empirically study the dynamic pricing of inventories with …
Persistent link: https://www.econbiz.de/10011110774
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Mergers and Product Quality: Evidence from the Airline Industry
Chen, Yongmin; Gayle, Philip - Volkswirtschaftliche Fakultät, … - 2013
Retrospective studies of horizontal mergers have focused on their price effects, leaving the important question of how mergers affect product quality largely unanswered. This paper empirically investigates this issue for two recent airline mergers: Delta/Northwest and Continental/United....
Persistent link: https://www.econbiz.de/10011110870
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Estimating Dynamic Demand for Airlines
Diego, Escobari - Volkswirtschaftliche Fakultät, … - 2014
This paper uses an original panel dataset with posted prices and sales to estimate a dynamic demand. We find that consumers become more price sensitive as time to departure nears which is consistent with having lower valuations. This result provides empirical support to a key theoretical...
Persistent link: https://www.econbiz.de/10011112495
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Demand shifting across flights and airports in a spatial competition model
Escobari, Diego; Lee, Sang-Yeob - Volkswirtschaftliche Fakultät, … - 2012
This paper investigates the nature of day-to-day competition between flights using a unique panel data set on prices and inventories. We use instrumental variables methods and several spatial autoregressive models (SAR) to estimate price reaction functions. The primary source of product...
Persistent link: https://www.econbiz.de/10011114186
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Asymmetric Price Adjustments in Airlines
Escobari, Diego - Volkswirtschaftliche Fakultät, … - 2012
This paper uses a unique daily time series data set to investigate the asymmetric response of airline prices to capacity costs driven by demand fluctuations. We use a Markov regime-switching model with time-varying transition probabilities to capture the time variation in the response. The...
Persistent link: https://www.econbiz.de/10011114309