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Discriminatory Pricing in the Airline Industry
Discriminatory Pricing in the Airline Industry
Discriminatory Pricing in the Airline Industry

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자료유형  
 학위논문 서양
최종처리일시  
20260202103054
ISBN  
9798315713814
DDC  
385
저자명  
Marsh, Alexander David.
서명/저자  
Discriminatory Pricing in the Airline Industry
발행사항  
[Sl] : The University of North Carolina at Chapel Hill, 2025
발행사항  
Ann Arbor : ProQuest Dissertations & Theses, 2025
형태사항  
128 p
주기사항  
Source: Dissertations Abstracts International, Volume: 86-11, Section: A.
주기사항  
Advisor: Williams, Jonathan W.
학위논문주기  
Thesis (Ph.D.)--The University of North Carolina at Chapel Hill, 2025.
초록/해제  
요약My dissertation consists of two chapters. In the first chapter, we develop a model to study the trade-offs associated with introducing re-allocative mechanisms into dynamic-pricing environments with heterogeneous goods and strategic consumers. Our focus is on airlines that sell seats in vertically-differentiated cabins and provide upgrade opportunities after an initial purchase via auctions and fixed-price sales. If consumers anticipate opportunities for an improved reallocation and reduce outright purchases of premium seats, the screening intention of dynamically-set prices can be undermined to create circumstances with a greater probability of upgrades and an ambiguous impact on profits. To study ways to adapt these mechanisms to better complement dynamic-pricing practices, we estimate the model's structural parameters using proprietary data from an airline that includes the price for each itinerary, daily cabin-specific seat inventories for each flight, bids and purchases of upgrades, and information on visits and purchases on the airlines' website. We find that the mechanisms, as implemented, transfer a modest amount of surplus from the airline to consumers while often increasing profits. We conclude by analyzing the aspects of the demand process that lead to consumer surplus and profits increasing. In the second, we conduct a descriptive analysis of consumer search and purchase behavior in response to airline revenue-management practices using data from a major carrier's website and Google Flights. We first describe patterns in search timing, purchase decisions, and paid fares and validate assumptions made in economic models of airlines. We then identify factors driving search timing, finding that single adults with loyalty status, especially booking one-way nonstop itineraries, tend to search closer to departure. Next, we show that competitors' prices and changing customer composition explain rising conversion probabilities as departure nears. Finally, we reveal how search and booking patterns affect prices paid. Late-arriving travelers, particularly single adults with loyalty status, pay substantially more, consistent with the airline's pricing strategies that segment more inelastic customers. Overall, our findings underscore how revenue-management, competitor fares, and consumer characteristics jointly shape online search and purchase behavior.
일반주제명  
Transportation
키워드  
Airline industry
키워드  
Auctions
키워드  
Dynamic pricing
키워드  
Price discrimination
키워드  
Upgrades
기타저자  
The University of North Carolina at Chapel Hill Economics
기본자료저록  
Dissertations Abstracts International. 86-11A.
전자적 위치 및 접속  
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MARC

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■006m          o    d                
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■020    ▼a9798315713814
■035    ▼a(MiAaPQ)AAI31932330
■040    ▼aMiAaPQ▼cMiAaPQ
■0820  ▼a385
■1001  ▼aMarsh,  Alexander  David.
■24510▼aDiscriminatory  Pricing  in  the  Airline  Industry
■260    ▼a[Sl]▼bThe  University  of  North  Carolina  at  Chapel  Hill▼c2025
■260  1▼aAnn  Arbor▼bProQuest  Dissertations  &  Theses▼c2025
■300    ▼a128  p
■500    ▼aSource:  Dissertations  Abstracts  International,  Volume:  86-11,  Section:  A.
■500    ▼aAdvisor:  Williams,  Jonathan  W.
■5021  ▼aThesis  (Ph.D.)--The  University  of  North  Carolina  at  Chapel  Hill,  2025.
■520    ▼aMy  dissertation  consists  of  two  chapters.  In  the  first  chapter,  we  develop  a  model  to  study  the  trade-offs  associated  with  introducing  re-allocative  mechanisms  into  dynamic-pricing  environments  with  heterogeneous  goods  and  strategic  consumers.  Our  focus  is  on  airlines  that  sell  seats  in  vertically-differentiated  cabins  and  provide  upgrade  opportunities  after  an  initial  purchase  via  auctions  and  fixed-price  sales.  If  consumers  anticipate  opportunities  for  an  improved  reallocation  and  reduce  outright  purchases  of  premium  seats,  the  screening  intention  of  dynamically-set  prices  can  be  undermined  to  create  circumstances  with  a  greater  probability  of  upgrades  and  an  ambiguous  impact  on  profits.  To  study  ways  to  adapt  these  mechanisms  to  better  complement  dynamic-pricing  practices,  we  estimate  the  model's  structural  parameters  using  proprietary  data  from  an  airline  that  includes  the  price  for  each  itinerary,  daily  cabin-specific  seat  inventories  for  each  flight,  bids  and  purchases  of  upgrades,  and  information  on  visits  and  purchases  on  the  airlines'  website.  We  find  that  the  mechanisms,  as  implemented,  transfer  a  modest  amount  of  surplus  from  the  airline  to  consumers  while  often  increasing  profits.  We  conclude  by  analyzing  the  aspects  of  the  demand  process  that  lead  to  consumer  surplus  and  profits  increasing.  In  the  second,  we  conduct  a  descriptive  analysis  of  consumer  search  and  purchase  behavior  in  response  to  airline  revenue-management  practices  using  data  from  a  major  carrier's  website  and  Google  Flights.  We  first  describe  patterns  in  search  timing,  purchase  decisions,  and  paid  fares  and  validate  assumptions  made  in  economic  models  of  airlines.  We  then  identify  factors  driving  search  timing,  finding  that  single  adults  with  loyalty  status,  especially  booking  one-way  nonstop  itineraries,  tend  to  search  closer  to  departure.  Next,  we  show  that  competitors'  prices  and  changing  customer  composition  explain  rising  conversion  probabilities  as  departure  nears.  Finally,  we  reveal  how  search  and  booking  patterns  affect  prices  paid.  Late-arriving  travelers,  particularly  single  adults  with  loyalty  status,  pay  substantially  more,  consistent  with  the  airline's  pricing  strategies  that  segment  more  inelastic  customers.  Overall,  our  findings  underscore  how  revenue-management,  competitor  fares,  and  consumer  characteristics  jointly  shape  online  search  and  purchase  behavior.
■590    ▼aSchool  code:  0153.
■650  4▼aTransportation
■653    ▼aAirline  industry
■653    ▼aAuctions
■653    ▼aDynamic  pricing
■653    ▼aPrice  discrimination
■653    ▼aUpgrades
■690    ▼a0501
■690    ▼a0310
■690    ▼a0709
■71020▼aThe  University  of  North  Carolina  at  Chapel  Hill▼bEconomics.
■7730  ▼tDissertations  Abstracts  International▼g86-11A.
■790    ▼a0153
■791    ▼aPh.D.
■792    ▼a2025
■793    ▼aEnglish
■85640▼uhttp://www.riss.kr/pdu/ddodLink.do?id=T17356881▼nKERIS▼z이  자료의  원문은  한국교육학술정보원에서  제공합니다.

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