Artikel
Estimating Dynamic Demand for Airlines
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 implication in Deneckere and Peck [Deneckere, R., Peck, J., 2012. Dynamic competition with random demand and costless search: A theory of price posting. Econometrica 80, 1185-1247] --- high-valuation consumers purchase earlier. We also find that the number of active consumers increases closer to departure.
- Sprache
-
Englisch
- Erschienen in
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Journal: Economics Letters ; ISSN: 0165-1765 ; Volume: 124 ; Year: 2014 ; Issue: 1 ; Pages: 26-29 ; Amsterdam: Elsevier
- Klassifikation
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Wirtschaft
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
Air Transportation
Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
- Thema
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Dynamic demand
Consumers' valuations
Advance purchases
Airlines
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Escobari, Diego
- Ereignis
-
Veröffentlichung
- (wer)
-
Elsevier
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
- (wo)
-
Amsterdam
- (wann)
-
2014
- DOI
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doi:10.1016/j.econlet.2014.04.012
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Escobari, Diego
- Elsevier
- ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
Entstanden
- 2014
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