Combined Effects of Capacity and Time on Fares: Insights from the Yield Management of a Low-Cost Airline
基于理论，研究航班座位可用性和购买日期如何共同影响票价，发现票价随上座率单调上升，且在两个月预订期内呈U形变化，出发前两周急剧上涨。
Based on two strands of theoretical research, this paper provides new evidence on how fares are jointly affected by in-flight seat availability and purchasing date. As capacity-based theories predict, it emerges that fares monotonically and substantially increase with flight occupancy. After controlling for capacity utilization, our analysis also supports time-based theories, indicating a U-shaped temporal profile over a two-month booking period, as well as a sharp increase in fares in the two weeks prior to departure.