1. Online Pricing Data for Multiple U.S. Carriers.
- Author
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Mumbower, Stacey and Garrow, Laurie A.
- Subjects
ONLINE data processing ,TRAVEL agents ,ELECTRONIC commerce ,CARRIERS ,PRICING ,AIRLINE rates ,ACQUISITION of data - Abstract
In this paper we describe a database of online airline prices collected from a major online travel agent and a low-cost carrier. The database provides detailed pricing data for all nonstop flights offered in a market. Data are provided for 42 domestic U.S. markets across a 28-day booking horizon for 21 departure dates. Each of the 42 markets is served by one or more low-cost carriers. These data can be used to investigate the evolution of prices and price dispersion for monopoly, duopoly, and oligopoly markets. The data can be used to create simulated data sets for benchmarking the performance of revenue management algorithms that consider competitors' prices. Analysis of the data may enable researchers to observe general patterns that would be useful to motivate research and/or teaching in revenue management. [ABSTRACT FROM AUTHOR]
- Published
- 2014
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