| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28989 |
| 来源ID | Working Paper 28989 |
| The Welfare Effects of Dynamic Pricing: Evidence from Airline Markets | |
| Kevin R. Williams | |
| 发表日期 | 2021-07-05 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | Airfares fluctuate due to demand shocks and intertemporal variation in willingness to pay. I estimate a model of dynamic airline pricing accounting for both sources of price adjustments using novel flight-level data. I use the model estimates to evaluate the welfare effects of dynamic airline pricing. Relative to uniform pricing, dynamic pricing benefits early-arriving, leisure consumers at the expense of late-arriving, business travelers. Although dynamic pricing ensures seat availability for business travelers, these consumers are then charged higher prices. When aggregated over markets, welfare is higher under dynamic pricing than under uniform pricing. The directionality of the welfare effect at the market level depends on whether dynamic price adjustments are mainly driven by demand shocks or by changes in the overall demand elasticity. |
| 主题 | Industrial Organization ; Market Structure and Firm Performance ; Industry Studies |
| URL | https://www.nber.org/papers/w28989 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586663 |
| 推荐引用方式 GB/T 7714 | Kevin R. Williams. The Welfare Effects of Dynamic Pricing: Evidence from Airline Markets. 2021. |
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| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w28989.pdf（903KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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