Dynamic pricing in the airline industry

By R. McAfee, V. Velde. 2007

201 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/56e322dfb04323b9586a6ea2d1a623aaf017117a

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Citations in the corpus

Intertemporal Pricing with Strategic Customer Behavior (2007, unknown): “αφHVH + (αφH + αφL)VL ≤ VL (38) ⇔ αφHVH ≤ (αφH + αφL)VL.”
Dynamic Revenue Maximization with Heterogeneous Objects: A Mechanism Design Approach (2009, unknown): “Denote by Qt : [0,+∞) × Πt → Πt ∪ ∅ a deterministic Markovian allocation policy for time t and by Pt : [0,+∞) × Πt → R the associated payment rule.”
Pricing strategies of low-cost airlines: The Ryanair case study (2009, background): “According to McAfee and te Velde (2006), in the period preceding the flight date, the price trend mainly depends on the trade off between the option of waiting for a potential lower price, and the risk of seats becoming unavailable.”
Strategic Supply Function Competition with Private Information (2008, unknown): “The welfare analysis in the supply function model contrasts thus with the one in models where there is no endogenous public signal such as the Cournot market in Vives (1988), the beauty contest in Morris and Shin (2002), or the general linear-quadratic set up of Angeletos and Pavan (2007).”
Estimating flight-level price elasticities using online airline data: A first step toward integrating pricing, demand, and revenue optimization (2014, methodology): “1 Because airlines do not store information about the prices actually paid by consumers within their RM systems, airlines would need to use data sources such as the ones we use in this study to develop prototypes that will help them justify multi-million dollar investments required for them to…”
Revenue Management with Forward-Looking Buyers (2016, background): “Similarly, in the secondary market for baseball tickets, Sweeting (2012) shows that prices decline by 60% in the month before the game, with the price decline accelerating, the probability of sale increasing and auctions becoming more popular as the game day approaches.”