transporteconstut3_presentation

transporteconstut3_presentation - Tutorial 3 Demand and...

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Tutorial 3: Demand and Pricing Yvonne Lim/ U091387W/ W1
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Question 1a
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Question 1a Visit travel portal Compare prices (Singapore to KL route) Air Asia Tiger Airways
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What I Did Collected air fares for Tiger Airways and Air Asia Dates: 7 September- 9 September 2010 6 May- 12 May 2011
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Summary of Prices Airline 7 Sept 9 Sept Air Asia 30+ 170+ Tiger Airways 100+ 30+ Airline 6 May 12 May Air Asia 8 8 Tiger Airways 10 0.09 (Special discount)
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Anomaly #1 ? Airline 7 Sept 9 Sept Air Asia 30+ 170+ Tiger Airways 100+ 30+ Airline 6 May 12 May Air Asia 8 8 Tiger Airways 10 0.09 (Special discount)
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Discussion Air Asia and Tiger Airlines have similar products So why such different prices? 7 Sept/ Air Asia: 30+ 7 Sept/ Tiger: 100+
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Possible reasons Imperfect Information? Oligopoly behavior? Price setters
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Summary of Prices Airline 7 Sept 9 Sept Air Asia 30+ 170+ Tiger Airways 100+ 30+ Airline 6 May 12 May Air Asia 8 8 Tiger Airways 10 0.09 (Special discount)
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Anomaly #2? Airline 7 Sept 9 Sept Air Asia 30+ 170+ Tiger Airways 100+ 30+ Airline 6 May 12 May Air Asia 8 8 Tiger Airways 10 0.09 (Special discount)
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