Uncertain about your travel plan? Lock it and decide later: Dynamic pricing with a fare-lock option
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DOI: 10.1016/j.tre.2019.02.003
Abstract: Abstract Some airlines now offer fare-lock options, which allow passengers to hold a ticket for some time with a small fee while finalizing their travel plans. In this paper, we model passenger behavior in the… read more here.
Keywords: fare lock; lock option; dynamic pricing;