Journal ArticleDOI
Weekend effect in airfare pricing
Benny Mantin,Bonwoo Koo +1 more
TLDR
In this paper, the authors analyzed the daily airfares for 1000 US domestic routes and found a strong weekend effect for airfare dispersion, but not for price level, suggesting that different arrival timing of online consumers during the weekdays motivate airlines to adopt a distinctive pricing mechanism during weekends.About:
This article is published in Journal of Air Transport Management.The article was published on 2010-01-01. It has received 44 citations till now. The article focuses on the topics: Weekend effect & Price dispersion.read more
Citations
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Journal ArticleDOI
Price discrimination by day-of-week of purchase: Evidence from the U.S. airline industry
Steven L. Puller,Lisa Taylor +1 more
TL;DR: In this article, the authors identify a source of price discrimination utilized by airlines -price discrimination based on the day of the week that a ticket is purchased, and find that fares are 5% lower when purchased on the weekend.
Journal ArticleDOI
Multi-dimensional price elasticity for leisure and business destinations in the low-cost air transport market: Evidence from easyJet
TL;DR: In this paper, the authors investigated the price elasticity of demand in the European low-cost carrier (LCC) industry by analysing Internet fares for all easyJet flights departing from the Amsterdam Schiphol airport towards 21 European destinations between March and September 2015.
Journal ArticleDOI
Airline ticket price and demand prediction: A survey
TL;DR: This paper introduces and discusses the concept of using social media data for ticket/demand prediction and shows that models on both sides rely on limited set of features such as historical ticket price data, ticket purchase date and departure date.
Journal ArticleDOI
The impact of the internet on the pricing strategies of the European low cost airlines
TL;DR: Both users and companies benefit from the use of ICTs in the purchase and sale of airline tickets: the Internet allows consumers to increase their bargaining power comparing different airlines and choosing the most competitive flight, while companies can easily check the behaviour of users to adapt their pricing strategies using internal information.
Journal ArticleDOI
On Optimizing Airline Ticket Purchase Timing
William Groves,Maria Gini +1 more
TL;DR: An algorithm that optimizes purchase timing on behalf of customers and provides performance estimates of its computed action policy is introduced, using a systematic feature-selection technique that captures time dependencies in the data by using time-delayed features.
References
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Book
Goodness-of-Fit Statistics for Discrete Multivariate Data
TL;DR: In this article, the authors present a unified approach to model testing, including the use of the power-divergence measure in visual perception, which is a measure of loss and a criterion for general Parameter Estimation.
Journal ArticleDOI
Pennies from eBay: the Determinants of Price in Online Auctions
TL;DR: The authors performed an exploratory analysis of the determinants of prices in online auctions for collectible United States one-cent coins at the eBay Web site and found that negative feedback ratings have a much greater effect than positive feedback ratings do.
Journal ArticleDOI
The day of the week effect on stock market volatility
Hakan Berument,Halil Kiymaz +1 more
TL;DR: In this paper, the presence of the day of the week effect on stock market volatility was tested by using the S&P 500 market index during the period of January 1973 and October 1997.
Posted Content
Adverse Selection in Electronic Markets: Evidence from Online Stamp Auctions
Sanjeev Dewan,Vernon Ning Hsu +1 more
TL;DR: In this paper, adverse selection costs in online stamp auctions are analyzed based on a comparison of prices on eBay with those of matched stamps at a specialty stamps auction site in the U.S., which we know has low quality uncertainty.
Journal ArticleDOI
Adverse selection in electronic markets: evidence from online stamp auctions
Sanjeev Dewan,Vernon Ning Hsu +1 more
TL;DR: In this article, adverse selection costs in online stamp auctions are analyzed based on a comparison of prices on eBay with those of matched stamps at a specialty stamps auction site in the U.S., which we know a priori has low quality uncertainty.