Volodymyr Bilotkach | Singapore Institute of Technology (original) (raw)
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Papers by Volodymyr Bilotkach
Urban Studies, 2015
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Advances in Airline Economics, 2012
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Research in Transportation Economics, 2014
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SSRN Electronic Journal, 2000
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12th AIAA Aviation Technology, Integration, and Operations (ATIO) Conference and 14th AIAA/ISSMO Multidisciplinary Analysis and Optimization Conference, 2012
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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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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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SSRN Electronic Journal, 2000
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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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52nd Aerospace Sciences Meeting, 2014
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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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Review of Economics and Statistics, 2013
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Tourism Management, 2015
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SSRN Electronic Journal, 2000
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Urban Studies, 2015
Bookmarks Related papers MentionsView impact
Advances in Airline Economics, 2012
Bookmarks Related papers MentionsView impact
Research in Transportation Economics, 2014
Bookmarks Related papers MentionsView impact
SSRN Electronic Journal, 2000
Bookmarks Related papers MentionsView impact
12th AIAA Aviation Technology, Integration, and Operations (ATIO) Conference and 14th AIAA/ISSMO Multidisciplinary Analysis and Optimization Conference, 2012
Bookmarks Related papers MentionsView impact
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
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
SSRN Electronic Journal, 2000
Bookmarks Related papers MentionsView impact
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
52nd Aerospace Sciences Meeting, 2014
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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
Bookmarks Related papers MentionsView impact
Review of Economics and Statistics, 2013
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Tourism Management, 2015
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SSRN Electronic Journal, 2000
Bookmarks Related papers MentionsView impact
Bookmarks Related papers MentionsView impact
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