Traditional peak-load and stochastic peak-load models assume firms have prior information about when peak demand occurs … efficient demand shifting even when the peak time is unknown. Equilibrium price dispersion arises because of stochastic demand … capacity costs through demand shifting. The model also suggests how yield management (now more commonly called revenue …

Using airlines as a backdrop, we study optimal overbooking policies with endogenous customer demand, when customers … demand endogeneity leads to lower overbooking limits in this case. We then consider the broader problem of joint control of …. Numerical experiments that gauge magnitudes suggest that fixed-compensation policies that account for demand endogeneity can …