Price volatility in the airline markets
Transportation Research Part E: Logistics and Transportation Review, 2009•Elsevier
In this article we examine volatility measures and investigate what factors explain price
volatility in different US domestic air routes. We find that volatility remains reasonably stable
up to 2weeks prior to the flight, at which point it increases significantly. The type, LCC or
legacy carrier, and identity of the airlines appears to have a major impact on the volatility
measures, and that these effects are different for 2weeks out and 1day out, even after
controlling for market differences.
volatility in different US domestic air routes. We find that volatility remains reasonably stable
up to 2weeks prior to the flight, at which point it increases significantly. The type, LCC or
legacy carrier, and identity of the airlines appears to have a major impact on the volatility
measures, and that these effects are different for 2weeks out and 1day out, even after
controlling for market differences.
In this article we examine volatility measures and investigate what factors explain price volatility in different US domestic air routes. We find that volatility remains reasonably stable up to 2weeks prior to the flight, at which point it increases significantly. The type, LCC or legacy carrier, and identity of the airlines appears to have a major impact on the volatility measures, and that these effects are different for 2weeks out and 1day out, even after controlling for market differences.
Elsevier
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