Matches in SemOpenAlex for { <https://semopenalex.org/work/W2022752352> ?p ?o ?g. }
Showing items 1 to 99 of
99
with 100 items per page.
- W2022752352 endingPage "212" @default.
- W2022752352 startingPage "196" @default.
- W2022752352 abstract "We estimate flight-level price elasticities using a database of online prices and seat map displays. In contrast to market-level and route-level elasticities reported in the literature, flight-level elasticities can forecast responses in demand due to day-to-day price fluctuations. Knowing how elasticities vary by flight and booking characteristics and in response to competitors’ pricing actions allows airlines to design better promotions. It also allows policy makers the ability to evaluate the impacts of proposed tax increases or time-of-day congestion pricing policies. Our elasticity results show how airlines can design optimal promotions by considering not only which departure dates should be targeted, but also which days of the week customers should be allowed to purchase. Additionally, we show how elasticities can be used by carriers to strategically match a subset of their competitors’ sale fares. Methodologically, we use an approach that corrects for price endogeneity; failure to do so results in biased estimates and incorrect pricing recommendations. Using an instrumental variable approach to address this problem we find a set of valid instruments that can be used in future studies of air travel demand. We conclude by describing how our approach contributes to the literature, by offering an approach to estimate flight-level demand elasticities that the research community needs as an input to more advanced optimization models that integrate demand forecasting, price optimization, and revenue optimization models." @default.
- W2022752352 created "2016-06-24" @default.
- W2022752352 creator A5004128015 @default.
- W2022752352 creator A5016749381 @default.
- W2022752352 creator A5066718337 @default.
- W2022752352 date "2014-08-01" @default.
- W2022752352 modified "2023-10-13" @default.
- W2022752352 title "Estimating flight-level price elasticities using online airline data: A first step toward integrating pricing, demand, and revenue optimization" @default.
- W2022752352 cites W1838158612 @default.
- W2022752352 cites W1972048474 @default.
- W2022752352 cites W1976362794 @default.
- W2022752352 cites W1978907431 @default.
- W2022752352 cites W1990507365 @default.
- W2022752352 cites W1997010697 @default.
- W2022752352 cites W1997530947 @default.
- W2022752352 cites W2011845167 @default.
- W2022752352 cites W2018772681 @default.
- W2022752352 cites W2028995298 @default.
- W2022752352 cites W2067332379 @default.
- W2022752352 cites W2071752458 @default.
- W2022752352 cites W2104117020 @default.
- W2022752352 cites W2152930081 @default.
- W2022752352 cites W2165940698 @default.
- W2022752352 cites W2170007391 @default.
- W2022752352 cites W2504231512 @default.
- W2022752352 cites W3121814458 @default.
- W2022752352 cites W3122564006 @default.
- W2022752352 cites W3122590067 @default.
- W2022752352 cites W3124203415 @default.
- W2022752352 cites W3125148828 @default.
- W2022752352 cites W3125328076 @default.
- W2022752352 cites W4233775886 @default.
- W2022752352 cites W4245897777 @default.
- W2022752352 doi "https://doi.org/10.1016/j.tra.2014.05.003" @default.
- W2022752352 hasPublicationYear "2014" @default.
- W2022752352 type Work @default.
- W2022752352 sameAs 2022752352 @default.
- W2022752352 citedByCount "44" @default.
- W2022752352 countsByYear W20227523522015 @default.
- W2022752352 countsByYear W20227523522016 @default.
- W2022752352 countsByYear W20227523522017 @default.
- W2022752352 countsByYear W20227523522018 @default.
- W2022752352 countsByYear W20227523522019 @default.
- W2022752352 countsByYear W20227523522020 @default.
- W2022752352 countsByYear W20227523522021 @default.
- W2022752352 countsByYear W20227523522022 @default.
- W2022752352 countsByYear W20227523522023 @default.
- W2022752352 crossrefType "journal-article" @default.
- W2022752352 hasAuthorship W2022752352A5004128015 @default.
- W2022752352 hasAuthorship W2022752352A5016749381 @default.
- W2022752352 hasAuthorship W2022752352A5066718337 @default.
- W2022752352 hasConcept C121854251 @default.
- W2022752352 hasConcept C121955636 @default.
- W2022752352 hasConcept C127576917 @default.
- W2022752352 hasConcept C149782125 @default.
- W2022752352 hasConcept C159985019 @default.
- W2022752352 hasConcept C162144332 @default.
- W2022752352 hasConcept C162324750 @default.
- W2022752352 hasConcept C175444787 @default.
- W2022752352 hasConcept C187736073 @default.
- W2022752352 hasConcept C192562407 @default.
- W2022752352 hasConcept C195487862 @default.
- W2022752352 hasConcept C2781386248 @default.
- W2022752352 hasConcept C51355593 @default.
- W2022752352 hasConcept C610760 @default.
- W2022752352 hasConceptScore W2022752352C121854251 @default.
- W2022752352 hasConceptScore W2022752352C121955636 @default.
- W2022752352 hasConceptScore W2022752352C127576917 @default.
- W2022752352 hasConceptScore W2022752352C149782125 @default.
- W2022752352 hasConceptScore W2022752352C159985019 @default.
- W2022752352 hasConceptScore W2022752352C162144332 @default.
- W2022752352 hasConceptScore W2022752352C162324750 @default.
- W2022752352 hasConceptScore W2022752352C175444787 @default.
- W2022752352 hasConceptScore W2022752352C187736073 @default.
- W2022752352 hasConceptScore W2022752352C192562407 @default.
- W2022752352 hasConceptScore W2022752352C195487862 @default.
- W2022752352 hasConceptScore W2022752352C2781386248 @default.
- W2022752352 hasConceptScore W2022752352C51355593 @default.
- W2022752352 hasConceptScore W2022752352C610760 @default.
- W2022752352 hasLocation W20227523521 @default.
- W2022752352 hasOpenAccess W2022752352 @default.
- W2022752352 hasPrimaryLocation W20227523521 @default.
- W2022752352 hasRelatedWork W2031427903 @default.
- W2022752352 hasRelatedWork W2122529124 @default.
- W2022752352 hasRelatedWork W2161215293 @default.
- W2022752352 hasRelatedWork W2602496263 @default.
- W2022752352 hasRelatedWork W2991532013 @default.
- W2022752352 hasRelatedWork W3017184450 @default.
- W2022752352 hasRelatedWork W3121554743 @default.
- W2022752352 hasRelatedWork W4233878821 @default.
- W2022752352 hasRelatedWork W2125406855 @default.
- W2022752352 hasRelatedWork W2181895685 @default.
- W2022752352 hasVolume "66" @default.
- W2022752352 isParatext "false" @default.
- W2022752352 isRetracted "false" @default.
- W2022752352 magId "2022752352" @default.
- W2022752352 workType "article" @default.