Dynaic pricing in the airline industry外文部分.pdfVIP

Dynamic Pricing in the Airline Industry R. Preston McAfee and Vera te Velde California Institute of Technology Abstract: Dynamic price discrimination adjusts prices based on the option value of future sales, which varies with time and units available. This paper surveys the theoretical literature on dynamic price discrimination, and confronts the theories with new data from airline pricing behavior. Correspondence to: R. Preston McAfee, 100 Baxter Hall, California Institute of Technology,