Dynamic Pricing in the Airline Industry R. Preston McAfee and Vera te Velde California Institute of Technology Abstract: Dynamic price discrimination adjusts prices based on the option value of future sales‚ which varies with time and units available. This paper surveys the theoretical literature on dynamic price discrimination‚ and confronts the theories with new data from airline pricing behavior. Correspondence to: R. Preston McAfee‚ 100 Baxter Hall‚ California Institute of Technology‚
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Definition of Aerodynamics: a branch of dynamics that deals with the motion of air and other gaseous fluids and with the forces acting on bodies in motion relative to such fluids http://www.merriam-webster.com/dictionary/aerodynamics Other: aerios‚ concerning the air‚ and dynamis‚ which means force. http://www.grc.nasa.gov/WWW/K-12/airplane/bga.html Bernoulli’s Principle: • The relationship between the velocity and pressure exerted by a moving liquid • States that for an inviscid
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(Cell 1) A: $50‚000 B: $50‚000 (Cell 2) A:$60‚000 B:0 (Cell 3) A:0 B: $60‚000 (Cell 4) A: $30‚000 B:$30‚000 Airline B Action 2 B drops price to $300 Model of Global Competitive Dynamics Industry-based considerations Resource-based considerations Competitive Dynamics: Attack/ Counterattack/ Cooperation Institution-based considerations Industry-based Considerations • • • • • Concentration Industry price leader Entry barriers Market commonality
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Throughout the story of The Canterbury Tales‚ many vices and virtues were displayed. More specifically‚ The Pardoner’s Tale‚ The Dynamic Culture of the Middle Ages‚ and A Distant Mirror‚ held a very common theme that current times share‚ Greed. There are many instances in these tale that demonstrate the true greed humans can feel. To begin‚ the Pardoner opened his tale by describing the actions of three men‚ who heard of a reaper-like figure terrorizing the town. As they set out
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The story “ The Rocking-Horse Winner” is written in third person and the story itself is very omniscient. This narrative technique is used effectively for a story that walks the line between social realism and the supernatural. I think Paul is dynamic because he changes but yet only in money wise. I also think that he is kind of static‚ because other than that he just gets rich and that is the only thing that changes because he always believed in himself. Paul is a round character he changes after
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The purpose of this essay is to consider the various approaches to team building and group dynamics as well as to consider both conventional and virtual team building concepts. According to Maddux and Wingfield (2003)‚ “groups provide the basis for family living‚ protection‚ warfare‚ government‚ recreation and work‚ (p. 4). Borkowski (2011) explains that individuals join groups to fulfill basic needs of belonging as described in Maslow’s Hierarchy of Needs. Yet‚ it is apparent that group members
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Group Dynamics: Ethics in Counseling A Student A School A Class A Professor A Date Abstract A current and very active debate surrounding counseling‚ psychotherapy‚ and the human services professions is the hot topic of ethics in groups. This paper will explore the intriguing world of ethics by looking at how ethics is defined‚ including ethical theories and philosophical concerns. Ethics are designed to enforce the needs‚ and ethical principles of an association
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Running head: THE DYNAMICS OF GROUP PSYCHOTHERAPY The Dynamics of Group Psychotherapy University of Phoenix The Dynamics of Group Psychotherapy Group psychotherapy has been practiced for nearly one hundred years according to Moreno (1953) it was started by a man named Adler in 1910. Group therapy is different from individual therapy given that the groups are not focusing on themselves as individuals‚ but rather taking on each problem as a group. Each member learns
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Title: Investigation in microtubule dynamic instability Introduction Microtubules are important for maintaining cell structure‚ intracellular transport‚ formation of mitotic spindle‚ as well as other cellular processes. Investigation of dynamics of microtubule assembly and disassembly allow us to understand the malfunction of mitotic spindle formation or other cellular processes. This experiment is divided into two parts; we are going to find out the critical parameters for achieving greatest average
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SP2750 Project PROJECT: GROUP THEORY Project Introduction: The course project aims at providing you an opportunity to implement your learning about group dynamics. This hands-on part of our class enables you to enhance and develop your skills and techniques of group dynamics‚ helps you be more competent in an actual group process‚ and enables you to see the value of teamwork. Collaboratively‚ the team will work on becoming a team with proactive techniques‚ diverse ideas‚ and problem-solving skills
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