Letter to the Editor—Airline Overbooking: Fresh Approaches are Needed

Letter to the editor

Overbooking *

We consider optimal pricing policies for airlines when passengers are uncertain at the time of ticketing of their eventual willingness to pay for air travel. Auctions at the time of departure efficiently allocate space and a profit maximizing airline can capitalize on these gains by overbooking flights and repurchasing excess tickets from those passengers whose realized value is low. Neverthele...

Letter to the editor

 This article has no abstract.

Letter to the Editor

No Abstract is available

Letter to the editor