Price discrimination and yield management in the airline industry
Edited book (chapter)
| Chapter Title | Price discrimination and yield management in the airline industry |
|---|---|
| Book Chapter Category | Edited book (chapter) |
| ERA Publisher ID | 1821 |
| Book Title | International encyclopedia of transportation, Vol. 1 |
| Authors | Zhang, Guoquan (Author), Law, Colin C. H. (Author), Zhang, Yahua (Author) and Yang, Hangjun (Author) |
| Editors | Vickerman, Roger |
| Volume | 1 |
| Page Range | 404-408 |
| Number of Pages | 5 |
| Year | 2021 |
| Publisher | Elsevier |
| Place of Publication | Amsterdam, Netherlands |
| ISBN | 9780081026717 |
| 9780081026724 | |
| Digital Object Identifier (DOI) | https://doi.org/10.1016/B978-0-08-102671-7.10077-6 |
| Abstract | This chapter introduces the concept of price discrimination and explores how a new airline business model enhances the practice of price discrimination in the Australian airline market. Based on the idea of price discrimination, airlines apply yield management to capture high-yield passengers and at the same time to fill the aircraft with price-sensitive passengers to avoid the flight departing with too many empty seats. This history, recent development, and approaches of airline yield management are presented in this chapter. |
| Keywords | price discrimination, yield management, airline-within-airline, fare fence, artificial intelligence |
| ANZSRC Field of Research 2020 | 380117. Transport economics |
| 350901. Air transportation and freight services | |
| Public Notes | No evidence of copyright restrictions preventing deposit of Accepted Chapter. |
| Byline Affiliations | School of Business |
| University of International Business and Economics, China | |
| Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q6689/price-discrimination-and-yield-management-in-the-airline-industry
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