University of St.Gallen
research platform alexandria
search publications
browse publications
by person
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
 
by year

Valuation of direct intercontinental flights as opposed to non-direct ones: Insights based on a hedonic approach

fulltext etc. no fulltext attached
abstract This paper is about valuating direct intercontinental flights as opposed to non-direct ones, taking an individual travelers’ perspective. The methodology of this study is derived from a hedonic approach which tries to explain actual expenditures (in our case of air transport) by means of a number of non-divisible characteristics (origin and destination, number of stopovers, choice of travel class).
The results reveal that direct flights are valued higher than non-direct ones. However, the share of this advantage in relation to other characteristics by which a flight can be valued is limited, ranging from 15 to 20 per cent (in the context of travel in economy class; ceteris paribus) to less than 10 per cent (in the context of travel in business class; ceteris paribus). In contrast, and to put those numbers into perspective, choosing business class (instead of economy) adds 240% to an economy air fare (ceteris paribus).
   
type conference paper (English)
   
keywords flight characteristics valuation, hedonic approach, direct flight, air transport pricing
   
name of conference ATRS Conference (Berkeley, USA)
date of conference 21-6-2007
review double-blind review
   
citation Wittmer, A., Laesser, C., & Bieger, T. (2007). Valuation of direct intercontinental flights as opposed to non-direct ones: Insights based on a hedonic approach. In .