The Key Determinants of Plane Ticket Price Dispersion
| Název práce v češtině: | Klíčové faktory rozptylu cen letenek |
|---|---|
| Název v anglickém jazyce: | The Key Determinants of Plane Ticket Price Dispersion |
| Klíčová slova: | cenový rozptyl, letecký trh, klíčové determinanty, evropské letectví |
| Klíčová slova anglicky: | price dispersion, airline market, key determinants, European aviation |
| Akademický rok vypsání: | 2016/2017 |
| Typ práce: | bakalářská práce |
| Jazyk práce: | angličtina |
| Ústav: | Institut ekonomických studií (23-IES) |
| Vedoucí / školitel: | Mgr. Ing. Adam Kučera, Ph.D. |
| Řešitel: | skrytý - zadáno vedoucím/školitelem |
| Datum přihlášení: | 09.11.2016 |
| Datum zadání: | 09.11.2016 |
| Datum a čas obhajoby: | 18.09.2017 09:00 |
| Místo konání obhajoby: | Opletalova - Opletalova 26, O109, Opletalova - místn. č. 109 |
| Datum odevzdání elektronické podoby: | 31.07.2017 |
| Datum proběhlé obhajoby: | 18.09.2017 |
| Oponenti: | Mgr. Kristýna Čechová |
| Kontrola URKUND: | |
| Seznam odborné literatury |
| BACHIS, Enrico a Claudio A. PIGA. Low-cost airlines and online price dispersion. International Journal of Industrial Organization [online]. 2011, 29(6), 655-667 [cit. 2016-05-26]. DOI: 10.1016/j.ijindorg.2011.02.006. ISSN 01677187.
BILOTKACH, Volodymyr, Alberto A. GAGGERO a Claudio A. PIGA. Airline pricing under different market conditions: Evidence from European Low-Cost Carriers. Tourism Management [online]. 2015, 47, 152-163 [cit. 2016-05-26]. DOI: 10.1016/j.tourman.2014.09.015. ISSN 02615177. GAGGERO, Alberto A. a Claudio A. PIGA. Airline Market Power and Intertemporal Price Dispersion.Journal of Industrial Economics [online]. 2011, 59(4), 552-577 [cit. 2016-05-26]. DOI: 10.1111/j.1467-6451.2011.00467.x. ISSN 00221821. LANTSEVA, Anastasia, Ksenia MUKHINA, Anna NIKISHOVA, Sergey IVANOV a Konstantin KNYAZKOV. Data-driven Modeling of Airlines Pricing. Procedia Computer Science [online]. 2015, 66, 267-276 [cit. 2016-05-26]. DOI: 10.1016/j.procs.2015.11.032. ISSN 18770509. SZOPIŃSKI, Tomasz Stanisław a Robert NOWACKI. The Influence of Purchase Date and Flight Duration over the Dispersion of Airline Ticket Prices. Contemporary Economics [online]. 2015, 9(3), 353-366 [cit. 2016-05-26]. DOI: 10.5709/ce.1897-9254.174. ISSN 20840845. SZOPINSKI, Tomasz Stanislaw a Robert NOWACKI. Plane Ticket Price Dispersion in the Online Selling System in Poland. Contemporary Economics [online]. 2014, 8(2), 207-217 [cit. 2016-05-26]. ISSN 20840845. Dostupné z: http://search.ebscohost.com/login.aspx?direct=true&db=bth&an=97121970&scope=site |
| Předběžná náplň práce v anglickém jazyce |
| Research question and motivation
The thesis is concerned with the key determinants of plane tickets price development. I want to investigate the variation of ticket prices in the period from the moment they are released by an airline company to the last moment they are available for purchase online. My goal is to compare ticket prices of main European flight routes and as many European airlines as possible, identify the main factors determining variation in plane ticket prices, and understand how much and why they impact the prices. Multiple academic papers investigate dispersion of prices of plane tickets, but the authors often restrict their analyses only to a limited set of determinants. Articles usually focus on the non-EU airline market or just on a few countries. Articles concerned with airline industry price-setting cover the time period of price changes typically containing many years. I want to focus on price changes within one year, possibly the latest years as the airline industry is developing rapidly. We can expect the industry to grow in the future, which is another reason to focus my thesis such way. Contribution Main contribution is overall investigation of European airline industry via differences in its price-setting policies. The thesis will cover complexity of the price determination process and possible factors influencing the price variance. Among the practical importance, this will contribute to understanding the microeconomic forces leading to effective markets. Methodology Firstly, I am going to set a theoretical background of plane ticket price development, outline reasons for the particular dynamics and the motivation of airlines. Then I want to compare the theory based on academic literature with outputs of econometric models. I will use the data collected and kindly provided for my research by kiwi.com. Outline Abstract 1.Introduction – background, brief description of known theory, what is the gap I am going to fill 2.Literature review – main relevant literature I am going to build on during the thesis 3.Theoretical part – defining the relevant theory, models and key concepts, describing the relationships I would like to examine in the next part 4.Empirical part – analysis of the data provided by econometric models 5.Results – interpretation of results obtained by models and comparing with theoretical part, commenting on the comparison 6.Conclusion Bibliography, appendixes, tables and graphs at the end |