Econometric analysis to estimate the impact of holidays on airfares
Autor(a) principal: | |
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Data de Publicação: | 2013 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Journal of Transport Literature |
Texto Completo: | http://old.scielo.br/scielo.php?script=sci_arttext&pid=S2238-10312013000200015 |
Resumo: | The number of air transportation passengers during the holidays in Brazil has grown notably since the late nineties. One of the reasons is greater competition in airfares made possible by economic liberalization. This paper presents an econometric model of airline pricing aiming at estimating the impacts of holiday periods on fares, with special emphasis on three-day holiday events. It makes use of a database with daily collected data from the internet between 2008 and 2010 for the major Brazilian city, São Paulo. The econometric panel data model employs a two-way error components "within" estimator, controlling for airline/airport-pair fixed effect along with quotation and departure months effects. The decomposition of time effects between quotation and departure month effects is the main methodological contribution of the paper. Results allow for a comparative analysis of the performance of São Paulo's downtown and international airports -respectively, Congonhas (CGH), and Guarulhos (GRU) airports. As a result, the price of tickets bought 60 days in advance for flights with two stops leaving from the downtown airport fell by most. |
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Econometric analysis to estimate the impact of holidays on airfaresholidayseconometricsairfaresThe number of air transportation passengers during the holidays in Brazil has grown notably since the late nineties. One of the reasons is greater competition in airfares made possible by economic liberalization. This paper presents an econometric model of airline pricing aiming at estimating the impacts of holiday periods on fares, with special emphasis on three-day holiday events. It makes use of a database with daily collected data from the internet between 2008 and 2010 for the major Brazilian city, São Paulo. The econometric panel data model employs a two-way error components "within" estimator, controlling for airline/airport-pair fixed effect along with quotation and departure months effects. The decomposition of time effects between quotation and departure month effects is the main methodological contribution of the paper. Results allow for a comparative analysis of the performance of São Paulo's downtown and international airports -respectively, Congonhas (CGH), and Guarulhos (GRU) airports. As a result, the price of tickets bought 60 days in advance for flights with two stops leaving from the downtown airport fell by most.Sociedade Brasileira de Planejamento dos Transportes2013-04-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S2238-10312013000200015Journal of Transport Literature v.7 n.2 2013reponame:Journal of Transport Literatureinstname:Sociedade Brasileira de Planejamento dos Transportes (SBPT)instacron:SBPTR10.1590/S2238-10312013000200015info:eu-repo/semantics/openAccessPóvoa,HelenaOliveira,Alessandro V. M.eng2013-10-11T00:00:00Zoai:scielo:S2238-10312013000200015Revistahttp://www.journal-of-transport-literature.org/https://old.scielo.br/oai/scielo-oai.php||alessandro.oliveira@pq.cnpq.br|| editor.jtl@gmail.com2238-10312238-1031opendoar:2013-10-11T00:00Journal of Transport Literature - Sociedade Brasileira de Planejamento dos Transportes (SBPT)false |
dc.title.none.fl_str_mv |
Econometric analysis to estimate the impact of holidays on airfares |
title |
Econometric analysis to estimate the impact of holidays on airfares |
spellingShingle |
Econometric analysis to estimate the impact of holidays on airfares Póvoa,Helena holidays econometrics airfares |
title_short |
Econometric analysis to estimate the impact of holidays on airfares |
title_full |
Econometric analysis to estimate the impact of holidays on airfares |
title_fullStr |
Econometric analysis to estimate the impact of holidays on airfares |
title_full_unstemmed |
Econometric analysis to estimate the impact of holidays on airfares |
title_sort |
Econometric analysis to estimate the impact of holidays on airfares |
author |
Póvoa,Helena |
author_facet |
Póvoa,Helena Oliveira,Alessandro V. M. |
author_role |
author |
author2 |
Oliveira,Alessandro V. M. |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Póvoa,Helena Oliveira,Alessandro V. M. |
dc.subject.por.fl_str_mv |
holidays econometrics airfares |
topic |
holidays econometrics airfares |
description |
The number of air transportation passengers during the holidays in Brazil has grown notably since the late nineties. One of the reasons is greater competition in airfares made possible by economic liberalization. This paper presents an econometric model of airline pricing aiming at estimating the impacts of holiday periods on fares, with special emphasis on three-day holiday events. It makes use of a database with daily collected data from the internet between 2008 and 2010 for the major Brazilian city, São Paulo. The econometric panel data model employs a two-way error components "within" estimator, controlling for airline/airport-pair fixed effect along with quotation and departure months effects. The decomposition of time effects between quotation and departure month effects is the main methodological contribution of the paper. Results allow for a comparative analysis of the performance of São Paulo's downtown and international airports -respectively, Congonhas (CGH), and Guarulhos (GRU) airports. As a result, the price of tickets bought 60 days in advance for flights with two stops leaving from the downtown airport fell by most. |
publishDate |
2013 |
dc.date.none.fl_str_mv |
2013-04-01 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S2238-10312013000200015 |
url |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S2238-10312013000200015 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
10.1590/S2238-10312013000200015 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
text/html |
dc.publisher.none.fl_str_mv |
Sociedade Brasileira de Planejamento dos Transportes |
publisher.none.fl_str_mv |
Sociedade Brasileira de Planejamento dos Transportes |
dc.source.none.fl_str_mv |
Journal of Transport Literature v.7 n.2 2013 reponame:Journal of Transport Literature instname:Sociedade Brasileira de Planejamento dos Transportes (SBPT) instacron:SBPTR |
instname_str |
Sociedade Brasileira de Planejamento dos Transportes (SBPT) |
instacron_str |
SBPTR |
institution |
SBPTR |
reponame_str |
Journal of Transport Literature |
collection |
Journal of Transport Literature |
repository.name.fl_str_mv |
Journal of Transport Literature - Sociedade Brasileira de Planejamento dos Transportes (SBPT) |
repository.mail.fl_str_mv |
||alessandro.oliveira@pq.cnpq.br|| editor.jtl@gmail.com |
_version_ |
1750318362281377792 |