Price discrimination through refund contracts in airlines

被引：23
|
作者：
Escobari, Diego [1 ]
Jindapon, Paan [2 ]
机构：
[1] Univ Texas Pan Amer, Dept Econ & Finance, Edinburg, TX 78541 USA
[2] Univ Alabama, Dept Econ Finance & Legal Studies, Tuscaloosa, AL 35487 USA
来源：
INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION | 2014年 / 34卷
关键词：
Price discrimination; Refund contracts; Airlines; Individual demand learning; ADVANCE-PURCHASE DISCOUNTS; PANEL-DATA; OPTION DEMAND; UNCERTAINTY; COMPETITION; DISPERSION; CAPACITY; INDUSTRY; MARKETS; SURPLUS;
D O I：
10.1016/j.ijindorg.2014.02.005
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper shows how an airline monopoly uses refundable and non-refundable tickets to screen consumers who are uncertain about their travel. Our theoretical model predicts that the difference between these two fares diminishes as individual demand uncertainty is resolved. Using an original data set from U.S. airline markets, we find strong evidence supporting our model. Price discrimination opportunities through refund contracts decline as the departure date nears and individuals learn about their demand. (C) 2014 Elsevier B.V. All rights reserved.
引用
收藏
页码：1 / 8
页数：8
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