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Title: | A Model of Airline Pricing- Capacity Constraints and Deadlines |
Authors: | Shubhro Sarkar |
Keywords: | Dynamic pricing capacity constraints time-sensitive goods subgame perfection |
Issue Date: | 2007 |
Publisher: | Journal of Quantitative Economics |
Abstract: | We study monopolistic pricing, with a capacity constraint, of a good that loses its value after three periods. In each period a continuum of buyers, each of whom might be one of two types, enter. Each of the buyers chooses either to make a purchase as soon as they enter, or to wait for a lower price. The price path is found to be strictly non-decreasing, u-shaped or horizontal for different proportions of buyers with a higher willingness to pay. Any strategy involving 'final sales' is non-optimal. The predictions are empirically tested. |
URI: | http://gnanaganga.inflibnet.ac.in:8080/jspui/handle/123456789/14398 |
Appears in Collections: | Articles to be qced |
Files in This Item:
File | Size | Format | |
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A Model of Airline Pricing Capacity.pdf Restricted Access | 9.02 MB | Adobe PDF | View/Open Request a copy |
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