Dynamic Pricing in the Airline Industry R. Preston McAfee and Vera te Velde California Institute of Technology Abstract: Dynamic price discrimination adjusts prices based on the option value of future sales‚ which varies with time and units available. This paper surveys the theoretical literature on dynamic price discrimination‚ and confronts the theories with new data from airline pricing behavior. Correspondence to: R. Preston McAfee‚ 100 Baxter Hall‚ California Institute of Technology‚
Premium Economics Pricing Supply and demand
3M Company (NYSE: MMM)‚ formerly known as the Minnesota Mining and Manufacturing Company‚ is an American multinational conglomerate corporation based in Maplewood‚ Minnesota‚ a suburb of St. Paul. With over 76‚000 employees‚ they produce over 55‚000 products‚ including: adhesives‚ abrasives‚ laminates‚ passive fire protection‚ dental products‚ electronic materials‚ medical products electronic circuits and optical films. 3M has operations in more than 60 countries – 29 international companies with
Premium Research
Prepare a short fact sheet describing the Sale of Goods Act 1979‚ stating how it protects customers when they enter into contracts for goods. Use examples and/or case studies to illustrate the relevant implied conditions: * S12 - Title/Ownership * S13 – As described * S14 - Fit for Purpose * S15 – Satisfactory Quality The Sale of Goods Act 1979 is an Act of the Parliament of the United Kingdom which regulates contracts in which goods are sold and bought. The Act consolidates
Premium Contract
industrially developed country in East Africa‚ manufacturing still accounts for only 14% of the gross domestic product. Industrial activity‚ concentrated around the three largest urban centres (Nairobi‚ Mombasa and Kisumu) is dominated by food-processing industries. From the point of view of energy‚ Kenya is almost self-sufficient‚ thanks to hydroelectric stations at dams along the upper Tana River‚ petroleum-fired plant on the coast and geothermal facilities at Olkaria. To become completely energy sufficient
Premium Kenya Nairobi Primary education
How to Strengthen Technological Innovation Culture in Developing Countries By Aya Hosney Seminar Thesis Submitted to the Dr. Sherwate Elwan at the Faculty of Management & Technology German University in Cairo Student(s) registration number(s): 10-6516 Date: 7 of December 2011 Supervisor: Dr. Sherwat Elwan Table of Contents 1 Introduction 2 2 Aim or Goal 3 3 Theortical Background 4 3.1 Innovation Culture in Organization 4 3
Premium Innovation Technology
1 INNOVATION IN THE INSULIN´S INDUSTRY – MARTIN MEISTER INNOVATION IN THE INSULIN´S INDUSTRY THE ELI LILLY AND PFIZER EXAMPLES Martin Meister Boston University MET AD 741 May‚ 2012 2 INNOVATION IN THE INSULIN´S INDUSTRY – MARTIN MEISTER Introduction The focus of the present paper is to understand why the pharmaceutical companies Eli Lilly and Pfizer failed in the introduction of what was supposed to be priced premium innovative products like the 100% pure synthetic insulin “Humulin”
Premium Insulin Eli Lilly and Company
Current Situation of Airline Industry Since the airline industry was deregulated in the late 1970s‚ they shall hold the line on the number of planes they fly. The result is that the people by plane shall be more and more‚ and the fares shall become expensive. Because air transport is faster than other transportation methods‚ the people increasingly prefer to fly. The air transportation shall be an important transportation method in the future‚ and the people engaged in air transportation shall have
Premium Airline Cost Avianca
Technical innovation is the lifeblood and resource for the development of domestic crusher industry and the constant increase of research investment made by the manufacturing companies adds new energy to the development of domestic crusher industry. Henan Daswell Machinery Co.‚ Ltd‚is a professional manufacturer and trader specializing in the research‚ development and production of construction machinery for nearly 30 years. Our main products are as follows:small crusher for sale‚ mobile diesel
Premium Manufacturing Economy
Technology Environment The Video Game industry is constantly undergoing new innovations and ground breaking technology. New trends and innovations are introduced on a yearly basis that alters the marketing environment. The Level of technology in this industry is very high. The speed of technology and usage is ongoing and expanding throughout the country and the world. With the constant growth‚ a fast and a high rate of Obsolescence is the outcome. The video game industry also has social concerns pertaining
Premium Video game console Video game Nintendo
International Journal of Innovation Management Vol. 5‚ No. 3 (September 2001) pp. 377–400 © Imperial College Press DEVELOPING INNOVATION CAPABILITY IN ORGANISATIONS: A DYNAMIC CAPABILITIES APPROACH BENN LAWSON Department of Accounting‚ The University of Melbourne Victoria‚ 3010‚ Australia e-mail: blawson@unimelb.edu.au DANNY SAMSON Department of Management‚ The University of Melbourne Victoria‚ 3010‚ Australia e-mail: d.samson@unimelb.edu.au Received 1 February 2001 Revised 18
Premium Innovation Management