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Title: Willingness to pay for airline services attributes: evidence from a stated preferences choice game
Authors: De Menezes, António Gomes
Vieira, J. C.
Keywords: Stated Preferences Choice GamesConditional LogitWillingness to PayAirline ServicesPublic Service Obligations
Issue Date: 2008
Publisher: EUT Edizioni Università di Trieste
ISTIEE Istituto per lo studio dei trasporti nell’integrazione economica europea
Source: A. G. de Menezes, J. C. Vieira, "Willingness to pay for airline services attributes: evidence from a stated preferences choice game", in: European Transport / Trasporti Europei, XIII (2008) 39, pp. 1-13.
Series/Report no.: European Transport / Trasporti Europei
XIII (2008) 39
Abstract: We analyze consumer preferences for airline service attributes between Ponta Delgada and Lisbon: the most important air corridor between the Azores and Mainland Portugal. Owing to stringent regulations, which fall under the European Union Public Service Obligations (PSOs) domain, there are no revealed preferences data suitable to study consumer preferences. Hence, we conduct a stated preferences choice game and estimate a microeconometric model à la McFadden. Our results are statistically significant and imply willingness to pay measures economically high for attributes such as punctuality warranties and comfort. Willingness to pay for additional daily flights is quite low. This result is important to how should the policy maker liberalize this sector.
ISSN: 1825-3997
Appears in Collections:European Transport / Trasporti Europei (2008) 39/XIII

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