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.
- Language
-
Englisch
- Bibliographic citation
-
Journal: Economics Letters ; ISSN: 0165-1765 ; Volume: 124 ; Year: 2014 ; Issue: 1 ; Pages: 26-29 ; Amsterdam: Elsevier
- Classification
-
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
- Subject
-
Dynamic demand
Consumers' valuations
Advance purchases
Airlines
- Event
-
Geistige Schöpfung
- (who)
-
Escobari, Diego
- Event
-
Veröffentlichung
- (who)
-
Elsevier
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
- (where)
-
Amsterdam
- (when)
-
2014
- DOI
-
doi:10.1016/j.econlet.2014.04.012
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Escobari, Diego
- Elsevier
- ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
Time of origin
- 2014
Other Objects (12)
Abbreviations dictionary : abbreviations, acronyms, airlines ...
Systematic peak-load pricing, congestion premia and demand diverting: Empirical evidence from airlines
Analysing customer based airline brand equity: Perspective from Taiwan
Estimating the price (in)elasticity of off-grid electricity demand
Safety stock placement in supply chains with demand forecast updates
Estimating light-vehicle sales in Turkey
Understanding crude oil import demand behaviour in Africa: The Ghana case
Role of airline promotion activities in destination branding: Case of Dubai vis-à-vis Emirates Airline
Estimating the effects of partial withdrawals on GPA through time: Evidence from the University of Puerto Rico
Mitigation of airspace congestion impact on airline networks
Human capital demand in Brazil: The effects of adjustment cost, economic growth, exports and imports
Does static and dynamic relationship between economic growth and energy consumption exist in OECD countries?
Abbreviations dictionary : abbreviations, acronyms, airlines ...
Systematic peak-load pricing, congestion premia and demand diverting: Empirical evidence from airlines
Analysing customer based airline brand equity: Perspective from Taiwan
Estimating the price (in)elasticity of off-grid electricity demand
Safety stock placement in supply chains with demand forecast updates
Estimating light-vehicle sales in Turkey
Understanding crude oil import demand behaviour in Africa: The Ghana case
Role of airline promotion activities in destination branding: Case of Dubai vis-à-vis Emirates Airline
Estimating the effects of partial withdrawals on GPA through time: Evidence from the University of Puerto Rico
Mitigation of airspace congestion impact on airline networks
Human capital demand in Brazil: The effects of adjustment cost, economic growth, exports and imports
Does static and dynamic relationship between economic growth and energy consumption exist in OECD countries?
Abbreviations dictionary : abbreviations, acronyms, airlines ...
Systematic peak-load pricing, congestion premia and demand diverting: Empirical evidence from airlines
Analysing customer based airline brand equity: Perspective from Taiwan
Estimating the price (in)elasticity of off-grid electricity demand
Safety stock placement in supply chains with demand forecast updates
Estimating light-vehicle sales in Turkey
Understanding crude oil import demand behaviour in Africa: The Ghana case
Role of airline promotion activities in destination branding: Case of Dubai vis-à-vis Emirates Airline
Estimating the effects of partial withdrawals on GPA through time: Evidence from the University of Puerto Rico
Mitigation of airspace congestion impact on airline networks
Human capital demand in Brazil: The effects of adjustment cost, economic growth, exports and imports