In May 1996 the U.S. Supreme Court struck down Rhode Island’s ban on advertising prices of alcoholic beverages, making Rhode Island the subject of a natural experiment for measuring the impact of advertising on prices. Using Massachusetts prices as controls, we find that while advertising stores substantially cut prices of advertised products, prices of other products, at both advertising and n...

Reduced travel time, regional cohesion, economic development and environmental benefits were some of the reasons given to develop the High Speed network in Spain, the largest in Europe. Ever since the opening of the first High Speed line in 1992, High Speed Rail (HSR) have become a new travelling experience despite the fact that in the recent years several voices have raised concerns over a lac...

The Internet has brought consumers increased access to information to make purchase decisions. As markets come closer to perfect information, one of the expected outcomes is an increase in competition. One of the consequences is an increase in the price elasticity of demand, or the percent change in demand due to a percent change in price, because consumers are better able to compare offerings ...

This paper studies a dynamic air ticket pricing problem in strategic and myopic passengers co-existence market. The or can be further divided into high-valuation low-valuation groups according to how they evaluate their purchases. have different levels. When the airline sets price, every passenger makes his her purchase decision type level, might select “wait” “leave (the market)”. firstly prop...

Most of the world languages are resource-poor for statistical machine translation; still, many of them are actually related to some resource-rich language. Thus, we propose three novel, language-independent approaches to source language adaptation for resource-poor statistical machine translation. Specifically, we build improved statistical machine translation models from a resource-poor langua...

Optimal timing for airline ticket purchasing from the consumer’s perspective is challenging principally because buyers have insufficient information for reasoning about future price movements. This paper presents a model for computing expected future prices and reasoning about the risk of price changes. The proposed model is used to predict the future expected minimum price of all available fli...

Abstract How does the presence of maximum‐ and minimum‐level contract restrictions impact (i) superstar compensation (ii) distribution across an industry? Using ticket price observed player talent data from National Basketball Association (NBA), I estimate expected salaries for each as well their value to NBA a whole. find ratio actual salary is 2.8%–56.9% most talented players, resulting in su...