Price competition within and between airlines and high-speed trains: the case of the Milan–Rome route
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Otros documentos de la autoría: Abrate, Graziano; Viglia, Giampaolo; Sánchez-García, Javier; Forgas-Coll, Santiago
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Mostrar el registro completo del ítemcomunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8645
comunitat-uji-handle3:10234/8646
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Título
Price competition within and between airlines and high-speed trains: the case of the Milan–Rome routeFecha de publicación
2016Editor
IP Publishing LtdISSN
1354-8166; 2044-0375Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
http://www.ingentaconnect.com/contentone/ip/tec/2016/00000022/00000002/art00007Palabras clave / Materias
Resumen
In the travel industry high-speed trains and airlines are increasingly competing for passengers, and the diffusion of price optimization based on real time demand fluctuations poses new challenges in the analysis of ... [+]
In the travel industry high-speed trains and airlines are increasingly competing for passengers, and the diffusion of price optimization based on real time demand fluctuations poses new challenges in the analysis of price competition between operators. This paper presents an analysis of how different competitors simultaneously adjust their prices in the short run. The empirical model accounts for dynamic price variations, exploring both intramodal and intermodal price competition. The results, based on 12,506 price observations, show that intermodal competition presents some kind of asymmetric behaviour, with airlines reacting more than trains to competitors' price changes. The paper concludes with the implications of this heterogeneous behaviour for the tourism and travel industries. [-]
Publicado en
Tourism Economics, Volume 22, Number 2, April 2016, pp. 311-323(13)Derechos de acceso
Article copyright remains with the publisher, society or author(s) as specified within the article.
http://rightsstatements.org/vocab/InC/1.0/
info:eu-repo/semantics/openAccess
http://rightsstatements.org/vocab/InC/1.0/
info:eu-repo/semantics/openAccess
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