Social Sciences
3 years ago

Local rail ticket prices impact demand, revealing hidden travel preferences.

arXiv (Cornell University)
Heterogeneity in demand and optimal price conditioning for local rail transport
Evgeniy M. Ozhegov, Alina Ozhegova

Paper Summary

The research looked at how to set prices for local train tickets in Perm. By analyzing ticket sales data, they found that some trips are more sensitive to price changes than others. Trips with less competition and fixed schedules have less price sensitivity. This means that adjusting prices for different types of trips can help increase revenue for the local rail company.

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