Are airlines' price-setting strategies different? |
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| Authors: | Volodymyr Bilotkach Yuriy Gorodnichenko Oleksandr Talavera |
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| Institution: | 1. Department of Economics, University of California, 3151 Social Science Plaza, Irvine 92697, CA, USA;2. Department of Economics, University of California, 508-1 Evans Hall #3880, Berkeley, CA 94720, USA;3. Department of Accounting, Finance, and Economics, Aberdeen Business School, The Robert Gordon University, Carthdee Road, Aberdeen AB10 7QE, United Kingdom |
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| Abstract: | Using a sample of fare quotes for non-stop travel from New York to London, this paper documents a set of stylized facts about pricing strategies of air carriers on this route. Two key facts stand out. First, airlines appear to employ strikingly different pricing strategies. Second, fares increase at an accelerated rate as the departure date approaches. |
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