Volodymyr Bilotkach | Singapore Institute of Technology (original) (raw)

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Papers by Volodymyr Bilotkach

Research paper thumbnail of Are airports engines of economic development? A dynamic panel data approach

Urban Studies, 2015

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Research paper thumbnail of Chapter 4 A Guide to Booking Airline Tickets Online

Advances in Airline Economics, 2012

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Research paper thumbnail of Introduction to special issue “Pricing and regulation in the airline industry”

Research in Transportation Economics, 2014

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Research paper thumbnail of Issues in Network Development by National Airlines: Case of Ukraine

SSRN Electronic Journal, 2000

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Research paper thumbnail of Transportation Safety and the Allocation of Safety Improvements

12th AIAA Aviation Technology, Integration, and Operations (ATIO) Conference and 14th AIAA/ISSMO Multidisciplinary Analysis and Optimization Conference, 2012

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Research paper thumbnail of How Firms Absorb Demand Side Shocks: Evidence from a Natural Experiment

SSRN Electronic Journal, 2000

We analyze impact of the freeway interchange collapse in San Francisco Bay area on difference in ... more We analyze impact of the freeway interchange collapse in San Francisco Bay area on difference in airfare quotes for travel into the area's three main airports. The incident temporarily made Oakland airport a less attractive choice for traveling to San Francisco, so we hypothesize that fares ...

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Research paper thumbnail of Airline Pricing under Different Market Conditions: evidence from European Low-Cost Carriers

Traditional theories of airline pricing maintain that fares monotonically increase as fewer seats... more Traditional theories of airline pricing maintain that fares monotonically increase as fewer seats remain available on a flight. A fortiori, this implies a monotonically increasing temporal profile of fares. In this paper, we exploit the presence of drops in offered fares over time as an indicator of an active yield management intervention by two main European Low-Cost Carriers observed daily

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Research paper thumbnail of The Construction of a Low Cost Airline Network

SSRN Electronic Journal, 2000

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Research paper thumbnail of Value of a Platform to a Seller: Case of American Airlines and Online Travel Agencies

SSRN Electronic Journal, 2000

ABSTRACT We approach the issue of the value of a platform to a seller in a two-sided market where... more ABSTRACT We approach the issue of the value of a platform to a seller in a two-sided market where both buyers and sellers multi-home. A seller that loses access to a major buyer platform can potentially incur substantial financial losses. We exploit a recent conflict between American Airlines and two leading online travel agencies (Expedia and Orbitz), which dropped American Airlines fare quotes during the first quarter of 2011. We present a simple model of airline ticket distribution. This model provides a framework to analyze the events that happened in the American Airlines – online travel agency conflict. We analyze price data for the first quarter of 2010 and 2011, employing a simple difference-in-differences identification strategy to evaluate changes in American Airlines’ fares. After controlling for across-market heterogeneity, carrier-specific time-invariant effects, and time-specific carrier-invariant effects, American Airlines’ fares during the conflict were 2.7-4.2 percent lower than similar fares charged by American’s main competitors (United, Continental, Delta, and US Airways). The fare effect is most pronounced in the sub-sample of one-stop itineraries, where competition is stronger, and customers are more likely to have to rely on travel agents – rather than carriers’ own web-sites – for flight bookings. In sum, our findings indicate that access to major buyer platforms is considerably valuable to a seller. We estimate that during the first quarter of 2011 the loss of access to the Expedia/Orbitz platforms resulted in over $50 million reduction in revenue for American Airlines.

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Research paper thumbnail of Relationship between Fleet Characteristics and Welfare of Stakeholders of Commercial Air Transportation: Airlines, Manufacturers, and the Public

52nd Aerospace Sciences Meeting, 2014

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Research paper thumbnail of Buyer Subsidies in Two-Sided Markets: Evidence from Online Travel Agents

Advances in Airline Economics, 2014

ABSTRACT Platforms in two-sided markets are known to provide subsidies to either buyers or seller... more ABSTRACT Platforms in two-sided markets are known to provide subsidies to either buyers or sellers, in order to take advantage of cross-group externalities inherent in such industries. Online travel agents can be thought of as platforms facilitating trade between passengers and travel service providers (airlines). This paper evaluates the effects of a buyer subsidy provided by one major online travel agent – a low-price guarantee offered by Orbitz. We find evidence consistent with increased airline participation with this travel agent upon implementation of the low-price guarantee policy. Our results confirm the theoretical claims that most-favored customer low price guarantee policies are pro-competitive.

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Research paper thumbnail of IMF Loans and Moral Hazard

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Research paper thumbnail of Airline Alliances, Antitrust Immunity, and Market Foreclosure

Review of Economics and Statistics, 2013

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Research paper thumbnail of Airline pricing under different market conditions: Evidence from European Low-Cost Carriers

Tourism Management, 2015

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Research paper thumbnail of A Guide to Booking Airline Tickets Online

SSRN Electronic Journal, 2000

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Research paper thumbnail of UKRAINIAN AIRLINE COMPANIES IN THE GLOBAL ECONOMY

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Research paper thumbnail of Essays on competition and consolidation on international airline markets

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Research paper thumbnail of Intentionally Higher Substitutability and Firms’ Profit: Case of Frequent Flier Program Partnerships

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Research paper thumbnail of Quality Coordination in a Model of Vertical Integration

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Research paper thumbnail of Market Power of Airports: A Case Study for Amsterdam Airport Schiphol

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Research paper thumbnail of Are airports engines of economic development? A dynamic panel data approach

Urban Studies, 2015

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Research paper thumbnail of Chapter 4 A Guide to Booking Airline Tickets Online

Advances in Airline Economics, 2012

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Research paper thumbnail of Introduction to special issue “Pricing and regulation in the airline industry”

Research in Transportation Economics, 2014

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Research paper thumbnail of Issues in Network Development by National Airlines: Case of Ukraine

SSRN Electronic Journal, 2000

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Research paper thumbnail of Transportation Safety and the Allocation of Safety Improvements

12th AIAA Aviation Technology, Integration, and Operations (ATIO) Conference and 14th AIAA/ISSMO Multidisciplinary Analysis and Optimization Conference, 2012

Bookmarks Related papers MentionsView impact

Research paper thumbnail of How Firms Absorb Demand Side Shocks: Evidence from a Natural Experiment

SSRN Electronic Journal, 2000

We analyze impact of the freeway interchange collapse in San Francisco Bay area on difference in ... more We analyze impact of the freeway interchange collapse in San Francisco Bay area on difference in airfare quotes for travel into the area's three main airports. The incident temporarily made Oakland airport a less attractive choice for traveling to San Francisco, so we hypothesize that fares ...

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Airline Pricing under Different Market Conditions: evidence from European Low-Cost Carriers

Traditional theories of airline pricing maintain that fares monotonically increase as fewer seats... more Traditional theories of airline pricing maintain that fares monotonically increase as fewer seats remain available on a flight. A fortiori, this implies a monotonically increasing temporal profile of fares. In this paper, we exploit the presence of drops in offered fares over time as an indicator of an active yield management intervention by two main European Low-Cost Carriers observed daily

Bookmarks Related papers MentionsView impact

Research paper thumbnail of The Construction of a Low Cost Airline Network

SSRN Electronic Journal, 2000

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Research paper thumbnail of Value of a Platform to a Seller: Case of American Airlines and Online Travel Agencies

SSRN Electronic Journal, 2000

ABSTRACT We approach the issue of the value of a platform to a seller in a two-sided market where... more ABSTRACT We approach the issue of the value of a platform to a seller in a two-sided market where both buyers and sellers multi-home. A seller that loses access to a major buyer platform can potentially incur substantial financial losses. We exploit a recent conflict between American Airlines and two leading online travel agencies (Expedia and Orbitz), which dropped American Airlines fare quotes during the first quarter of 2011. We present a simple model of airline ticket distribution. This model provides a framework to analyze the events that happened in the American Airlines – online travel agency conflict. We analyze price data for the first quarter of 2010 and 2011, employing a simple difference-in-differences identification strategy to evaluate changes in American Airlines’ fares. After controlling for across-market heterogeneity, carrier-specific time-invariant effects, and time-specific carrier-invariant effects, American Airlines’ fares during the conflict were 2.7-4.2 percent lower than similar fares charged by American’s main competitors (United, Continental, Delta, and US Airways). The fare effect is most pronounced in the sub-sample of one-stop itineraries, where competition is stronger, and customers are more likely to have to rely on travel agents – rather than carriers’ own web-sites – for flight bookings. In sum, our findings indicate that access to major buyer platforms is considerably valuable to a seller. We estimate that during the first quarter of 2011 the loss of access to the Expedia/Orbitz platforms resulted in over $50 million reduction in revenue for American Airlines.

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Relationship between Fleet Characteristics and Welfare of Stakeholders of Commercial Air Transportation: Airlines, Manufacturers, and the Public

52nd Aerospace Sciences Meeting, 2014

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Buyer Subsidies in Two-Sided Markets: Evidence from Online Travel Agents

Advances in Airline Economics, 2014

ABSTRACT Platforms in two-sided markets are known to provide subsidies to either buyers or seller... more ABSTRACT Platforms in two-sided markets are known to provide subsidies to either buyers or sellers, in order to take advantage of cross-group externalities inherent in such industries. Online travel agents can be thought of as platforms facilitating trade between passengers and travel service providers (airlines). This paper evaluates the effects of a buyer subsidy provided by one major online travel agent – a low-price guarantee offered by Orbitz. We find evidence consistent with increased airline participation with this travel agent upon implementation of the low-price guarantee policy. Our results confirm the theoretical claims that most-favored customer low price guarantee policies are pro-competitive.

Bookmarks Related papers MentionsView impact

Research paper thumbnail of IMF Loans and Moral Hazard

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Airline Alliances, Antitrust Immunity, and Market Foreclosure

Review of Economics and Statistics, 2013

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Research paper thumbnail of Airline pricing under different market conditions: Evidence from European Low-Cost Carriers

Tourism Management, 2015

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Research paper thumbnail of A Guide to Booking Airline Tickets Online

SSRN Electronic Journal, 2000

Bookmarks Related papers MentionsView impact

Research paper thumbnail of UKRAINIAN AIRLINE COMPANIES IN THE GLOBAL ECONOMY

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Essays on competition and consolidation on international airline markets

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Intentionally Higher Substitutability and Firms’ Profit: Case of Frequent Flier Program Partnerships

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Quality Coordination in a Model of Vertical Integration

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Market Power of Airports: A Case Study for Amsterdam Airport Schiphol

Bookmarks Related papers MentionsView impact