Heterogeneous price effects and increased price dispersion from quantity‐based congestion management
研究了机场基于数量的拥堵管理(如时刻限制)对价格离散度和准点率的影响,发现时刻限制增加了价格离散度并改善了准点率,且高价值乘客的票价涨幅大于低价值乘客。
Abstract We examine the effects of quantity‐based approaches to airport congestion management such as slot restrictions on price dispersion and on‐time performance. From the evidence at Newark Liberty International Airport, we find that slot restrictions increase price dispersion and improve on‐time performance. Price dispersion originates from heterogeneous price effects, as ticket prices for high‐value passengers increase more than that for low‐value passengers. Our novel finding is that the share of passengers who have purchased tickets at a top‐end price increase despite the price hike. We use various empirical specifications and an analysis on leads and lags of the policy for robustness.